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Know Your Rights: Divorce And Community Property States
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20 Jan 2020 11:22 PM EST

Divorce is painful for everyone involved, but it can be even worse if financial negotiations go awry. According to Business Insider, if you're unable to decide how to divide your assets during a divorce, the courts will do it for you. Most US states observe equitable distribution. That means all property acquired during the marriage is divided fairly at a judge s discretion. But nine US states observe community property law, where marital assets are split 50-50. Those states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Also, residents of Alaska can opt-in to a community property agreement. Be aware of your rights. A financial planner can help you organize your money during and after a divorce.

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