1110 Pennsylvania Street NE Suite C | Albuquerque, NM 87110 | (505) 830-6563

Community Property Laws in New Mexico

One of the most potentially problematic aspects of a divorce is dividing the property: determining who gets what. You may already be aware that New Mexico is a community property state, which means that any community property must be divided equitably upon dissolution of the marriage.

However, you may not have a clear idea of just what that means, especially in terms of your property. The attorneys at Frazier Law Office can help you sort out this particularly painful area to help achieve the fairest, most equitable division of property possible.

What Community Property Is

The short definition of community property is any property obtained during the marriage that cannot rightfully be claimed as separate property. Common examples of community property include a family home, a family car, stocks or bonds. However, community property may also include more personal items, such as jewelry and other personal property. Community property also includes debts by either party occurred during the course of the marriage, with several important exceptions, outlined below.

What Community Property Is Not

There are several categories of property (or debt) that are NOT considered community property under New Mexico Law. Property or debt that is excluded from community property designation remains the separate property or debt of the individual spouse after the dissolution of marriage. These exceptions are:

 

  • Property or debt acquired by an individual spouse before marriage OR, during a legal separation and after the formal entry of a decree of dissolution of the marriage
  • Property that either spouse establishes to the satisfaction of the court as separate, acquired either before marriage or during the marriage, or which is designated as separate by a valid written agreement
  • Property inherited by or given to either spouse SEPARATELY (e.g. from a parent)
  • Gambling debts, acquired either before or during the marriage
  • debts that are identified as separate by either spouse when the debt is taken on, regardless of whether the debt occurred before or during the marriage
  • Debts resulting from tort actions against an individual spouse
  • Debts incurred while spouses were living apart that do NOT benefit either both spouses or any children AND the court judges to be unreasonable

Community Property and Spousal or Child Support

Although property that is excluded from designation as community property is not subject to division upon dissolution of the marriage, it may still be subject to assignment to the other spouse. Specifically, the judge may order one spouse to supply the other with spousal support. Likewise, the judge may order the noncustodial spouse to provide child support to the spouse who is assigned primary responsibility for raising and children that result from the marriage.

Ensuring Equitable Division of Community Property

It should be clear from reading the above that dealing with community property is not as simple as splitting everything down the middle, either literally or figuratively. In fact, there are several aspects to the division of community property that can throw a wrench into what would otherwise be a relatively smooth ending of a marriage. While it is possible to obtain a reasonable division of community property if both parties are in a cooperative frame of mind, in most cases, it’s best to negotiate through attorneys like the skilled legal team at Frazier Law.

We can sort out the nuts and bolts of the community property in your marriage, ensuring the most equitable division as possible for you, our client. Give us a call!

DO NOT SETTLE FOR AN INEXPERIENCED LAWYER, ESPECIALLY WHEN YOU CAN AFFORD TO HAVE US REPRESENT YOU THANKS TO OUR REASONABLE FEES AND RETAINERS!

CALL US NOW AT (505) 830-6563 FOR YOUR NO COST, NO OBLIGATION CONSULTATION.

Specializations

We practice in all areas of divorce and family law including:

  • Women’s Divorce
  • Men’s Divorce
  • Military Divorce
  • Legal Separation
  • Paternity
  • Child Custody
  • Timesharing
  • Child Relocation
  • Child Support
  • Alimony
  • High Asset Cases
  • Community Property Division
  • Division of Community Debt
  • Division of Retirement Assets
  • Protection of Separate Property
  • Enforcement of Orders
  • Modification of Orders
  • Mediation
  • Domestic Violence
  • Grandparents’ Rights
  • Guardianships
  • Guardian Ad Litem
  • Adoption
  • Prenuptial Agreements
  • Uncontested Divorces

 

See what our clients have to say:

From Joann:

"All members of this law practice were well informed and very kind and considerate to me during the very emotional and complex process of dissolving my 34 year marriage. They understood the intricacies of dealing with challenging manipulations by opposing counsel who was led by my spouse's lack of follow through regarding the home property. At all times, I was treated with the utmost respect whenever I contacted the office no matter my emotional condition. This law practice was warm and supportive during moments of tricky litigation regarding our pension equalization. They kept in contact with me even when I was out of town so that we could file motions in a timely manner. They advised me appropriately when I wanted to seek more, understanding from experience that certain offers were adequately appropriate. In follow up, they were family oriented and shared their family events when I shared mine. I have referred close family friends in need of family law services and have been thanked by these friends for the quick and knowledgeable resolution of their problems. I will gladly refer other friends and acquaintances to this law practice. They were able to attend to both the younger family with minor age children and the more mature couple with pensions resolving all conflicts in favor of their clients.
 
This law practice KNOWS family law!"
 
From Linda:
 

"Our daughter hired Bo Frazier as her attorney in a long drawn out 4 year divorce, and anytime I called or emailed them, their response was within a day. We live in Hobbs, and the firm is in Alb. but it didn’t matter, things were addressed quickly.

If you want an excellent firm to fight for you, choose Frazier Law Firm."

 

 

 

 

If it involves divorce or family law, we can help you!

 

1110 Pennsylvania Street NE Suite C | Albuquerque, NM 87110

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