What property gets divided in a divorce?
Any property that is deemed as part of the Marital CommunityAll property and debts the parties have acquired during the marriage. This includes houses, vehicles, bank accounts, businesses, retirement accounts, stock options, student loans, lines of credit, credit card debts, intellectual property, artwork, furnishings, pets, frequent…Read more about Marital Community (aka Community PropertyThis is property that belongs equally to both spouses. It includes any property, asset, or liability either party acquires during the marriage with the exception of property acquired by gift or inheritance. Parties can opt out of community property laws with a prenuptial…Read more about Community Property) will be divided during the divorce. Community property is any property or debt that was acquired by either spouse during the marriage—with some exceptions. That means that pretty much anything you acquired during the marriage, asset or debt, will be divided as part of the divorce proceeding.