When dividing marital assets and community property, spouses need to identify all the assets they acquired an interest in during the marriage including real estate, family owned businesses, retirement and pension plans as well as vehicles, furnishings and furniture and any debts and obligations the parties have incurred other than those attributed to separate property.

 

Community property includes all real property situated in the State of California and all personal property, wherever situated, acquired during the marriage by a married person while domiciled in the State of California (with some exceptions).

 

Community property is also generally defined so as to include the earnings of either party from the date of marriage to the date of separation and any property of any nature acquired with those earnings, and any obligations incurred by either party from date of marriage to date of separation for personal, family business, or household purposes other than obligations attributable to separate property.