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.