Definition Of Community Property State

When a couple divorces in a community property state each spouse is generally entitled to a half share of their marital or community property. The definition of a community property state is a state in which the law considers that property acquired by a married couple during their marriage is joint property. Premarital property remains the individual property of each party but property acquired during the marriage is common property.

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Likewise each spouse would be responsible for an equal share of all marital debts.

Definition of community property state. Community property state definition. A tenth state alaska has an opt in community property law that allows such a division of property if both parties agree. This is the case even if only one spouse acquired solely it his or her name. Registered domestic partners who live in california nevada or.

Community property and divorce. Community property in some of the states of the usa and elsewhere in the world there is a form of implied partnership in the profits resulting from a marriage.

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