In the state of California, the legal principle of “community property” is adhered to. This means that most assets and debts acquired during the marital period are considered jointly owned. On divorce, these get divided equally. However, gifts and inheritances made to one spouse during the marriage are typically not considered community property. With all the nuances to what is considered community property, determining what qualifies as community versus separate property can be intricate. If you are uncertain about how your assets will be allocated, consult with Kendall Gkikas & Mitchell, LLP to ensure a fair division.
