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What Is the Divorce Relevant Difference Between Community Property and Separate Property? How Can It Affect Owning a Business?

Q. Howard D. of California asks: "What Is the Divorce Relevant Difference Between Community Property and Separate Property. I Am a Business Owner How Does This Affect Me?"

A. Brett Disdale from Pension Evaluators® at Troyan Inc.®, answers: "In a Community Property State you have to consider your marriage like you would a Business Partnership, it's a shared profit. Any funds accumulated during the course of the marriage are considered "Community Property". Any inheritances given specifically to one spouse or the vested pension funds acquired before the marriage remain Separate Property. If you were to own a business prior to your marriage, the business remains his or her separate property during the marriage, however; in the legal field there are never any absolutes, each matter has its own details. Contact one of the Troyan Experts on our QDRO Unit today!"

Brett Disdale

Senior QDRO Writer

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