Division of community property
Definition
Sharing out what the couple bought together.
Example
Deciding who keeps what, or how to sell it.
Related terms
Community property
Assets the couple bought together during the marriage.
Community property regime
Everything bought during the marriage belongs to both spouses.
Family home
The home where the family lived with the children.
Participation regime
Each spouse owns their own assets during the marriage, but the gains are shared on divorce.
Separate property
Assets that belonged to one spouse before the marriage.
Separation of property regime
Each spouse owns whatever they buy.
Information
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