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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.

 

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Understanding Customary Marriages News24
News24 Understanding customary marriages News24 According to the Department of Justice and Constitutional Development, a customary marriage is automatically considered to be in community of property. This means that the husband and wife have an equal share in the assets, money and property.

Eroticism And Religion In Utopia JSTOR Daily
JSTOR Daily Eroticism and Religion in Utopia JSTOR Daily Instead, Noyes argued, people should develop a communal system, both for the distribution and use of property and for sexual and family relationships, modeled on the kingdom of heaven. An initial attempt to institute this kind of The Oneida

The Full Scope Of Me Too HuffPost
HuffPost The Full Scope of Me Too HuffPost Back in the 1980s, I tried to write about being raped. I wrote it for a Louisville magazine editor for whom as a careful reporter I39d won prizes. He always said we rather than I and had repeatedly said, Come out from behind those facts and

My Wife Transferred 130000 From Our Joint Bank Account Into A CD In Her Name ...
My wife transferred 130000 from our joint bank account into a CD in her name only Yahoo Finance Both my wife and I recently lost our jobs and both received payouts for about 40,000 each. I lost my job six months before. We placed my check in our joint bank account and continued to pay our normal monthly bills. We also sold a home and walked away

Ghawiaposs Shattered Vase Ignites A Leader The Advocate
The Advocate Ghawi39s shattered vase ignites a leader The Advocate quotAny crack is how she39s perceived in the community.quot At 19, in an arranged marriage, Ghawi wed one of her town39s most eligible bachelors. A year later, the couple moved to San Diego. quotI was taught to follow and obey,quot says Ghawi. quotBut I soon realized

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Facts of Law covering the aspects of community property in divorce

Facts of Law - Community Property