This video explains the difference between separate and community property. It also explains what you’ll have to divide during your divorce.
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If you don’t have children, you can skip the videos about children and go straight to the spousal maintenance or alimony video.
There is a complete list of all the videos in the Divorce Seminar Series Videos at the bottom of the page.
About this Dividing your Property Video
You and your spouse will have to make big decisions about 3 major areas in your life.
- Spousal Maintenance or Alimony
This video begins with property. In a divorce, the term “property” covers a lot of different things. It can include all of the following and more:
- Bank Accounts
- Retirement Accounts
All of this property can either be classified as either separate property or community property.
Separate property is anything either of you owned individually before you were married. It also includes property given to one of you as a gift; an inheritance; or a personal injury award.
Community property is everything that you and/or your spouse acquired during the marriage. There are a few exceptions to this. Community property does not include anything that was given to one of you as a gift; an inheritance; or a personal injury award.
The big decision that you and your spouse will have to make is how you intend to divide the community property.