COMMUNITY AND QUASI-COMMUNITY PROPERTY
Community property generally is everything that spouses or domestic partners own together. It includes everything you bought or got while you were married or in a domestic partnership — including debt — that is not a gift or inheritance.
Community property also includes all the earnings that either spouse or partner (or both of you) earned during the marriage and everything bought with those earnings. You can usually tell if property belongs to the community by looking at the source of the money that was used to buy it. If the purchase money was earned during the marriage, the property belongs to the community.
For example, if you bought a car with money you were saving from your paycheck every month, and you made this money during the marriage/partnership, the car belongs to both you and your spouse or domestic partner, even if you paid for it yourself. That is because the savings you have from your paycheck is community property, since you earned that money during the marriage/partnership.
Community property includes all financial obligations (debts) accumulated during your marriage or domestic partnership. This is true even if the debt was incurred by only 1 of you, or even if a credit card was in the name of 1 spouse or partner only.
In California, each spouse or partner owns one-half of the community property. And, each spouse or partner is responsible for one-half of the debt. Community property and community debts are usually divided equally.
You may have more community property than you realize. For example, you may not know that if your spouse or partner has a pension plan, you have the right to part of the money in that plan if any of it was earned during your marriage or domestic partnership. You may also have more community debts than you realize. Your spouse or partner may have gotten into debt in his or her own name that you are not aware of. If the debt was incurred during your marriage or domestic partnership, it belongs to you too.
Quasi-community property is any type of property that was acquired by either one or both spouses or domestic partners when living in another state that, had it been acquired while living in California, it would have been considered community property. In other words, if you or your spouse or partner were living outside of California during your marriage or partnership, and you had any earnings, bought any real estate, or acquired any other type of property that in California would be community property, that property is called quasi-community property. And, in a divorce or legal separation in California, it will be treated as community property.
For example, if you and your spouse were living in New York during part of your marriage, and you were both working and bought a car there. Now, you are living in California and are filing to get divorced or legally separated. The earnings from your respective jobs in New York plus the car are quasi-community property because, if you had been working and bought that car in California, they would have been considered community property. So, in the California divorce, the earnings and car will be treated as community property.