What happens if a couple buys a house together and then divorces?
What happens if a couple buys a house together and then divorces?
In the state of California, when a couple buys property, the property is known as Community Property and is divided into fifty-fifty when the property is separated.People who own property can own a Prenup actual agreement before marriage and their property can be protected in the event of death or separation, so that the other party does not receive a share.
If the couple is married and one of the relatives has received the money to buy the house as a gift and wants the money to be protected in the event of divorce or the death of the spouse, they must enter into a Postnuptial actual agreement. In arranging this contract, both spouses must have a separate lawyer and one lawyer must not write for both parties at the same time.
