I am married to my wife in community of property, what will happen to my assets if we get divorced?

By virtue of the marriage in community of property, the two estates become one, so basically everything your spouse owns, you own and vice versa. As such once you get divorced by law all assets owned by both of you are to be split between the two of you. In most instances couples reach an agreement as to how to split the assets without said assets being sold. However if no arrangement can be made the court will order that the assets be auctioned and the proceeds shared.

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