Definition Of Community Property Washington State

All earnings of either spouse during the marriage including interest on investments capital gains retirement benefits and other assets.

Definition of community property washington state. Alaska has also adopted a community property system but it is optional. Community property defined management and control. Who owns what after you. In a community property jurisdiction any income and any real or personal property.

Either spouse or either domestic partner. Arizona california idaho louisiana nevada new mexico texas washington and wisconsin. Community property generally includes. Arizona california idaho louisiana new mexico nevada texas washington and wisconsin.

Definition of community property after a marriage or registration of a domestic partnership any property newly acquired becomes community property under state law in washington. Updated november 29 2018. Community property is one of four categories of property that a person in washington state owns. More yours mine and ours.

Community property is a state level legal distinction of a married person s assets such as property acquired during the course of a marriage. According to washington law marital or community property is that which was acquired by either party during the course of the marriage with some exceptions. Territories of guam and puerto rico are also community property jurisdictions. Community property law the community property system has been adopted by nine states.

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. Property not acquired or owned as prescribed in rcw 26 16 010 and 26 16 020 acquired after marriage or after registration of a state registered domestic partnership by either domestic partner or either husband or wife or both is community property. Community property is a type of joint ownership of assets between married couples. Community property usually consists of property acquired during marriage.

It s the law in nine states.