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  1. #1

    Default What Happens With Assets Acquired After Separation

    My question involves a marriage in the state of: CA

    We've been separated for 5 years. 2 years ago, I got a new job and during that time I have accumulated stock from my company, saved into my 401k and purchased a new boat. Now we are finalizing our divorce. Do any of these "assets" qualify as community property? And, I'm being asked by my spouse to provide valuations for these assets to complete the divorce paperwork. Am I required by law to provide a valuation of these assets to my spouse? My spouse knows they exist, but I'd like to know if I have to provide the values of these assets.

    Thanks.

  2. #2
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    Default Re: What Happens With Assets Acquired After Separation

    Was there a judgment of legal separation?
    Quote Quoting California Family Code, Sec. 772.
    After entry of a judgment of legal separation of the parties, the earnings or accumulations of each party are the separate property of the party acquiring the earnings or accumulations.

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