What happens if I sell community property before my divorce is final?
Question Details: We owned a truck during our marriage. Before I filed for the divorce I was in the process of selling it. Money exchanged hands just the title transfer happened after I filed for divorce. What could possibly happen to me for transfer happening after?
Generally speaking, most states have what is known as an automatic stay prohibiting transfer of a marital asset once a divorce petition has been filed. If you do transfer it you could be violating the stay. If you are intent on doing it then I would set aside half of the funds for your spouse. Seek legal help there.
Rate This Answer: Not Yet Rated
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.
Helping 20 Million Americans a Year for 20 Years. FREE!