Dividing Debt And Assets In A Community Property State
The state that you divorce in has a major impact on how property and debt is divided in a divorce. There are 9 community property states:
Arizona California Idaho Louisiana Nevada New Mexico Texas Washington Wisconsin Alaska, which operates as a quasi-community property state by giving divorcing couples an option to specify certain parts of their marital estate as community property. In states that follow community property law, assets and property are owned by the "