What happens in a profit gained if I signed a quit claim deed for a property before the divorce?
Full Question:
What happens in a profit gained if I signed a quit claim deed for a property before the divorce?
09/27/2007 |
Category: Real Property ยป Contract for... |
State: California |
#9165
Answer:
The courts in California will divide the community property of the parties equally after setting aside to each spouse that spouse's separate property. Community property is presumed to be all property acquired by the parties during the marriage and held in joint form. This presumption may be rebutted by a clear statement in the title by which property is acquired that the property is separate and not community property or by proof that the parties have a written agreement that the property is separate property.