Common Contracts
1 similar Sole and Separate Property Agreement contracts
Sole and separate property agreementSole and Separate Property Agreement • May 1st, 2023
During a divorce, there are many questions that need to be resolved and issues that need to be addressed including custody, timesharing, assets, debts, and property. Oftentimes people acquire property during a marriage such as a family home, cars, investments and retirement accounts, so during the divorce process these assets and more need to be addressed and divided. New Mexico is a community property state, however many states enforce separate property laws. In situations where property is bought before or after a marriage, even during a marriage in some instances, that property is considered separate property. Marital property can be converted into separate property rather easily, but proving that something is separate property and not marital property when purchased during a marriage is difficult. What Is Considered Separate Property in New Mexico? Generally speaking separate property is any type of property that was purchased before or after a marriage. Any property purchased duri
