COMMUNITY PROPERTY<br /><br />This is Hammers & Baltazar’s sixty seconds of Family Law. Got a minute?<br />Hello, I’m Barbara Hammers and I’m gonna talk about community property.<br />In California, except for inheritance or gift, property-real or personal- no matter where it is located acquired during the marriage, is community property.<br />Did you know that even property held in one person’s name can still be community property?<br />If property held in one person’s name is acquired during the marriage, even if a quitclaim deed is signed, it is still community property with a few exceptions. <br />Unless certain things are done to change community property into separate property, the way title is held, may make little difference in a divorce.<br />It is very important to get competent legal advice before doing a property transaction with your spouse, so that there are no surprises if you later end up in a divorce.<br />This family law minute is brought to you by Hammers & Baltazar Family Law.<br />I’m Barbara Hammers, thank you for watching.<br />See more family law facts on our blog at www.family-law-authority.com
