Many California residents know that property division is one of the most upsetting parts of getting a divorce. It inspires many arguments and conflicts between two spouses who are typically already in disagreement.
As if property division is not stressful enough, the strange-sounding term quasi-community property can make this divorce element even more nerve-wracking. What is quasi-community property, and how does it affect property division?
How do couples end up with quasi-community property?
In its most simple definition, quasi-community property refers to property acquired in a state outside of California. However, it also means property acquired elsewhere that would be considered community property if acquired in California during the marriage.
For example, say that you and your spouse once divided your time between California and a non-community property state due to work obligations. To avoid renting, you both decided to buy a small condo to live in while you were there.
Now you both live solely in California and are getting divorced, but you still own that condo. Even though you bought the condo in an equitable division state, a California court will treat it as community property. Other property, and income earned while residing (even partially) in another state, must also be counted as community property.
Does it affect property division?
The presence of quasi-community property adds a few complications to your divorce. It can make the property division stage take longer as the courts work to divide your property fairly. If you are still confused about quasi-property or any other element of divorce, consider learning more about our state’s divorce and property laws.