What valuation date applies to property divided in a California divorce?
As near as practicable to the time of trial. Family Code § 2552(a) sets that default for all community assets, real and personal, and § 2552(b) lets a party move for an alternate valuation date between separation and trial on at least 30 days' notice when good cause supports it. The date matters: a business interest or collectible can carry very different values at separation versus trial.
Does each spouse receive half of every item in a California property division?
No. Family Code § 2550 requires an equal division of the community estate by total value, not a physical split of each asset. Courts assign items and offset them against each other, which only works when every significant piece of personal property carries a defensible fair market value, the price a willing buyer would pay a willing seller.
Is property located outside California still divided in a California divorce?
Yes, if it was acquired during the marriage while the couple was domiciled in California. Family Code § 760 presumes all property, real or personal, wherever situated, acquired during marriage is community property, so an out-of-state vehicle, artwork stored elsewhere, or an interest in an out-of-state business still needs to be characterized and valued.
Do appraisals need updating if a California divorce drags on?
Often, yes. Because § 2552 points to the trial date, values obtained when the petition was filed can go stale if trial arrives months or years later. Practitioners in California routinely refresh appraisals of market-sensitive assets, such as business interests, collectibles, and depreciating equipment, as trial approaches.