Property Division

Quick Answer In a divorce, the marital home is handled in one of three main ways. The couple can sell the house and split the proceeds, one spouse can buy out the other’s share, or the couple can defer the sale to a later date. The right choice depends on…

Quick Answer There are 9 community property states in the United States: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Alaska, Tennessee, Kentucky, Florida, and South Dakota allow couples to opt into community property treatment by agreement. In community property states, almost everything acquired during the marriage…