What Happens to the Second Home in a California Divorce?
Many California residents have second homes, and these properties often become important in the event of a divorce. According to one report, there were roughly 7.5 million second homes throughout the nation in 2018 – suggesting that only a few Americans have the privilege of owning such properties. Often, these are vacation homes that families enjoy during summer or winter holidays. Families may keep them in California, another state, or even another nation. What happens to them when the marriage comes to an end? The Difference Between Separate and Community Property in California In the event of a divorce, property division revolves...
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