Posts tagged "Community Property"

What is Community Property?

Community Property is a system of dividing property after a couple divorces. Community property is the minority rule in the U.S. and is only followed by nine states. Under this system, any property acquired during the marriage is called the community property, meaning that both spouses own the property together. Any property that one of the spouses bought prior to the marriage, or any property received as a gift is considered separate property and is not divided as part of the divorce.

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