A Free Service Provided By www.FactsOfLaw.com


Community Property


Legal Topics

Arbitration and Mediation
Car Accidents
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Immigration Law

Lemon Law
Medical Malpractice
Megan's Law
Mesothelioma & Asbestos

Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Workers' Compensation
Work Related Injury

Privacy Policy

Contact Us

About Us

Facts - Books - News    U.S. Facts Of Law:

Community Property

Community property includes all the assets and property, regardless of which party has ownership, acquired during a marriage.  However, some gifts and inheritances are exempt from being included as community property.  These are the assets that will be divided upon upon divorce, annulment or death on one of the parties.  Some jurisdictions have adopted community property law on the presumption that both parties contribute equally to the marriage and family and should have equal ownership rights in the assets acquired by either spouse.

In some states the court may provide that one party receive more of the assets than the other and some states the law requires a 50-50 split.  In some instances where there is a single asset, such as a house, both parties may share equity in the value of the asset until it is sold at a later date agreeable to both.  In states without community property laws the assets are generally distributed in an equitable manner by the court.

Nine states currently have community property laws.  They include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin and also Puerto Rico.  Married couples in Alaska may sign an agreement consenting to community property rules if they so desire.

"Community Property with Rights of Survivorship" is a new form of community property ownership that has been legislated in a few states.  It is similar to the more standard "Joint Tenancy with Rights of Survivorship".  The community property designation may result in lower capital gains taxes when a surviving spouse sells the assets.  The federal tax implications are discussed in IRS Publication 555.


Community Property Best Sellers from Amazon.com

(no title)


Newsfeed display by CaRP

Community Property News
GN News

This RSS Feed URL Is Deprecated
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Divorce Real Estate Community Property Laws The Real Deal The Real Deal Ma...
The Real Deal Magazine Divorce Real Estate Community Property Laws The Real Deal The Real Deal Magazine Divorce is a multibillion dollar industry in Los Angeles, where a couple39s real estate and in some cases commercial property end up being among the most contentious issues. and more raquo

Liza Horvath, Senior Advocate: Leaving Your Estate To A Financially Irrespons...
Monterey County Herald Liza Horvath, Senior Advocate: Leaving your estate to a financially irresponsible child Monterey County Herald Q: Our adult kids are not financially responsible and we don39t want to leave them our estate just to have it taken by their creditors or given away to the next spouse. You have said that trusts can be used to protect assets. Can you give us some

An Expertaposs Insight: Game Is Toxic To Feminism Fabius Maximus Website Blog
Fabius Maximus website blog An expert39s insight: Game is toxic to feminism Fabius Maximus website blog They see how many women logically play the game even more aggressively: get the party of her life, marriage, and children followed by divorce, division of community property, receipt of child support, and independence vivid details here. This dark

Brian Burke: Column 173 Henry, Catherine, The Gold Rush And Cultural Revolut...
Brian Burke: Column 173 Henry, Catherine, the Gold Rush and Cultural Revolution of 3960s Noozhawk In California, the 1960s ended with a change to the notion of marriage that was far more radical than Henry39s break from the Vatican in 1532. The relationship was over when one spouse said under oath that irreconcilable differences had led to the

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from FactsOfLaw.com. Violators will be prosecuted to the fullest extent of the law.

The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.


Copyright All Rights Reserved - FactsOfLaw.com
No Portion of This Page May Be Copied Without Written Permission

Facts of Law covering the aspects of community property in divorce

Facts of Law - Community Property