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Community Property One of the primary issues in a divorce is how to split up community property assets.
Not only that, all the other characters are cute and funny as well!All debts incurred before marriage are separate debts.For example, educational loans or job training loans incurred before marriage would be separate debts.Date of Separation In some states, the date of "separation" is the date when both husband and wife decide to terminate the marriage.In others, it's considered the date when one of the spouses moves out of the marital home.It is important to close out all credit cards, bank accounts, and "joint" accounts as soon as possible after a divorce has been decided. Separate Property Separate property, on the other hand, is everything a husband and wife own separately.
Separate property does not need to be divided between the spouses.
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Therefore, each spouse is equally liable for debts.
In most cases, this includes unpaid balances on credit cards, home mortgages and car loan balances.
California, for example, is a community property state.