If you're going through a divorce, you're probably confused by what will be considered separate property and what will be considered community property. However, just when you think you've got it all figured out, you're met with the term "quasi-community property." Yes, quasi-community property is real, and the term might apply to some of the property at stake in your asset division proceedings.
To understand what quasi-community property is, let's begin with a review of what community property is. Community property is everything -- aside from personal gifts and some inheritances -- that you and your soon-to-be ex have purchased, received or earned following the day you said, "I do." It also includes debts acquired by your or your spouse during this time. You'll split all community property 50-50 during your divorce.
Quasi-community property is a legal term used to categorize any property that you and your spouse acquired while living in a different state other than California. This quasi-community property is property or debts that -- had you been living in California when you received it -- would fall under the community property category. California law will treat this property just as it would community property, even though you might have acquired it in a non-community property state.
If you have questions about asset division in your divorce proceedings, a California divorce lawyer can help you understand how you will likely need to divide your property. An attorney can also develop legal defense strategies to ensure that you keep the property to which you have a legal right.
Source: California Courts: The Judicial Branch of California, "Property and Debt in a Divorce or Legal Separation," accessed April 07, 2017