Category Archives: Community Property
Practical Guide for Splitting Furniture During a Divorce
Divorce can be a complex and emotionally charged process, particularly when it comes to dividing personal property. Furniture, furnishings and personal items can often be a point of contention. In California, community property laws govern the division of assets in a divorce, and this includes furniture acquired during the marriage. Understanding how these laws… Read More »
Guarding Your Legacy: What Happens to Your Inheritance During a Divorce?
Inheriting assets from a loved one can be a significant financial event, providing stability and opportunities for growth. However, when an inheritance coincides with a divorce, the situation can become complicated. The San Jose community property lawyers at Foster Hsu, LLP understand how inheritance is treated in divorce proceedings is crucial to protecting your… Read More »
Separate v. Community Property: Clarifying the Distinctions for San Jose Families
In the heart of Silicon Valley, San Jose families face unique financial landscapes, making understanding California’s community property laws crucial. These laws dictate how property is categorized and divided in the event of a divorce or death, which can have significant implications for asset distribution and estate planning. Foster Hsu, LLP aims to demystify… Read More »
How “Transmutation” Can Affect The Status Of Community Property In A California Divorce
In a California divorce case, the court starts with a presumption that any property owned by either spouse is separate property, and any property acquired during the marriage is community property (unless the property was made to one spouse by gift or inheritance). This presumption may be overcome, however, in a number of ways…. Read More »
Handling Hidden Assets In A Divorce
Getting divorced in California will require you to disclose all property to the other side, so that the Court can be properly classified your assets and/or debts as separate property or community property. As you might already know, California is a community property state. What this means is that there is an automatic presumption… Read More »
