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How Is Community Property Divided?

The law does not require an in kind division of the community property. All that the law requires is that the net value of the assets received by each spouse must be equal. It is not uncommon for one spouse to be awarded the family residence, and the other spouse the family business and investment real estate. As long as the total net value of the assets being received by each spouse is equal, such a division is considered proper by California law.