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The short, quick answer is no, Oregon is not a community property state. Oregon follows the equitable distribution model when it comes to dividing property in a divorce.
Legal separation protects a spouse financially because the separate property remains with the spouse who owns it, including property owned before marriage, received as a gift, or acquired through a will or intestacy.
Oregon is an equitable distribution state and will divide all marital assets in a fair and equitable way. This does not necessarily mean that assets will be divided equally on a 50/50 basis. Before this happens, the determination must be made as to what constitutes marital property and constitutes separate property.
A Separation and Property Division Agreement (also known as a settlement agreement) is a written agreement setting out how a couples property is to be divided following their separation.
An Illinois marital settlement agreement is a contract that lays out how a married couple intends to manage their child care responsibilities and divide marital property after a divorce.

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Legal Separation Agreements in Oregon If you need court protection concerning your children, financial support, protection from your spouses debts, and property issues, a legal separation agreement can help.
Marital settlement agreements, also known as divorce settlement agreements, marital termination agreements, separation agreements, or stipulations of settlements, are written contracts between divorcing spouses of their responsibilities and rights after divorce. Once formed, both parties are legally bound to them.
Community property refers to property acquired during a marriage and in a community property state, those items are equally owned by both spouses. The concept of community property is similar to, but not the same as, the concept of a marital asset in Oregon.
The general rule in California is that a spouse ceases to be responsible for any debts incurred by the other spouse once they have separated. However, this rule has an exception, and the exception depends upon when the debt was incurred and what the debt was for.
Oregon is known as a common-law state where each spouse has separate property that must be probated or have another mechanism to pass the property along. Commonly spouses own property as tenants by the entirety or joint tenants with right of survivorship.

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