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re: Question about property ownership

Posted on 6/4/18 at 1:14 pm to
Posted by Rouge
Floston Paradise
Member since Oct 2004
136934 posts
Posted on 6/4/18 at 1:14 pm to
(Amount of time owned) - (Amount of time married)

Divide that by amount of time owned

That gives you a percentage of time that it is 100% his

The other percentage is divided by 2, and the asset is split
Posted by 70739tigah
Baton Rouge
Member since Nov 2007
1367 posts
Posted on 6/4/18 at 1:17 pm to
quote:

Rouge


What if the mortgage was paid for with separate income. It wouldnt be community property if the mortgage was paid for with separate income...rental property income.

It would be community property if the mortgage was paid for with community income...salary.
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