Definition Of Community Property In California

Assets either spouse brings to the marriage are separate property.

Definition of community property in california. The california code defines community property as all property real or personal wherever situated acquired by a married person during the marriage while domiciled in this state. 1 property acquired during marriage is presumed to be community. Wages benefits lottery winnings. There is an exception for inherited property and gifts.

Let s review 7 basic facts about california community property. Community property is a concept which began in spain to protect rich women from losing everything to profligate husbands and is only officially recognized in some states which were once under or influenced by spanish or mexican control including california arizona new mexico texas nevada idaho washington and louisiana. California is a community property divorce state. Gifts and inheritances acquired during marriage are the separate property of the spouse who acquires them.