Assets and debts acquired between the date of marriage and the date of separation are presumed to be community property. The assets and debts are generally valued and divided equitably at the time of trial. However, there are exceptions to valuing the assets and debts at the time of trial. Some typical exceptions are where during the post-separation period one party places substantial efforts into building the value of a business acquired or started during marriage, or where a party controlling an asset intentionally damages or mismanages the asset.
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