Chances are your first reaction is to put the title to your biggest assets in just your name.
Just because the deed to the house now reads Jane Doe instead of John Doe and Jane Doe it’s easy to think the house is Jane’s separate property and the operation of California community property law has been beaten back.
Character matters, even for property
Why does it matter whether the house or a business is community property? Because the character of the property determines which creditors of the married couple can levy on the asset to pay a debt. [Read more…]