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Bookmark or Share- community property | Wex | US Law | LII / Legal Information Institutecommunity property. Community property refers to assets acquired during a marriage by either spouse. These assets can include property, income and even debt. Not all states recognize community property. In a “community property” state (such as California), any income, real estate, or other property acquired by either spouse during the ...
- Community Property States in 2024 – Forbes AdvisorWhen property is community property, it is equally shared. In equitable distribution states, property is divided in a way that is fair but not necessarily equal. In this guide, we’ll take a close...
- What Is Community Property? - The BalanceDefinition. Community property is a type of joint ownership of assets between a married couple. With some variation by state, it means all assets purchased or acquired by a couple during their marriage are owned equally by them. Key Takeaways.
- Community Property Meaning, and When and Where It Applies - InvestopediaCommunity property refers to a U.S. state-level legal distinction that designates a married individual's assets. Any income and any real or personal property acquired by either spouse during a...
- Community property in the United States - WikipediaCommunity property in the United States. Map of the United States with community property states in red. Additionally, Alaska, Florida, Kentucky, and Tennessee are elective community property states, and of the five inhabited US territories, Puerto Rico and Guam are community property jurisdictions.
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