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Under a community property regime, depending on the jurisdiction, property owned by one spouse before marriage, and gifts and inheritances received during marriage, are treated as that spouse's separate property in the event of divorce. All other property acquired during the marriage is treated as community property and is subject to division ...
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
It allowed married women to own and sell real and personal property, control their earnings, to sue and to make wills. [21] Other legislation enacted that year made divorce and remarriage easier, provided protections for divorced women, and removed the five-year waiting period before a wife could file for divorce on the grounds of desertion. [22]
4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
That, however, can be dangerous, as you co-own a property with your ex, which can lead to arguments or worse. - You can buy out your spouse, depending on your financial situation.
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