If you are one of the many residents in California who is facing an impending divorce, you may know that California is one of a few community property states. This fact may impact your final divorce settlement but it does not at all dictate what the specific terms of that agreement will be. What creates an equal distribution of a marital estate can vary based on the circumstances. One factor often in play is the value of a couple's home.
What happens to home equity when you divorce?
Divorce in California, in its simplest terms, involves untangling your personal, professional and financial life from that of your ex, and there are certain key matters you will typically need to work through as you navigate the process. If you and your former spouse purchased real estate together, one such matter you will need to work through involves how you plan to divide any equity you have in your shared home.
