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Community property states are like California. Husband and Wife share 50% ownership of all that each other owns or is entitled to at the time of divorce. When they divorce, the court will simply add it all up, and divide by two.
Non-community property states divide assets based on "equitable distribution", which means they account for property owed prior to getting married, amount of money invested in a business owned by the spouse without ownership passing to the other person, etc.
Communtiy property states are mostly western states and the concept dates back to the pioneer days of mail-order brides. There weren't many women on the west coast to marry. If you wanted one, you had to marry a girl back east, and lure her to the West. No girl would risk life and limb to travel west without a guarrantee from lawmakers that said a mairred woman was entitled to half of whatever her spouse owns. That way, if the wife showed up ugly, and was abandoned by the new spouse, she wouldn't be left homeless. It's silly nowadays, but still the law in those states. That's why Californians invented prenuptual agreements to cancel the effects out.
What else can I help you with?
Is Alabama a community property state?
No. In the United States there are ten community property states: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.Oklahoma is not a community property state.
Is the state of Washington a separate property state?
Washington is a community property state.Washington is a community property state.Washington is a community property state.Washington is a community property state.
What does non community property mean?
A non-community property state is a separate property state.A non-community property state is a separate property state.A non-community property state is a separate property state.A non-community property state is a separate property state.
Can you leave your share in ownership of community property to your adult children by Will in New Hampshire?
Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.Community property is marital property. It cannot be devised by Will. However, New Hampshire is not a community property state.
If property is purchased in your husbands name only is it considered community property?
If the property was purchased during the marriage it is community property if you live in a community property state.
What if you live in a community property state and on spouse owned property before the marriage if they divorce what are the spouses rights?
Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.Property owned prior to marriage is not considered community property unless it was converted to community property by some action by the parties.
What is the definition of community property of multiplication?
The community property of multiplication, also known as the commutative property, states that the order in which two numbers are multiplied does not affect the product. In mathematical terms, this means that for any numbers (a) and (b), the equation (a \times b = b \times a) holds true. This property allows for flexibility in calculations and simplifies arithmetic operations.
What if a respondent sells community property before divorce is finalized?
I would assume that if the community property were purchased by both parties, the proceeds would be divided 50/50. If one of the parties owned the "community property" (not sure of my definition here) before the marriage, then 100% of the proceeds would go to him/her unless otherwise provided in the agreement or pre-nuptial it there was one.
Is property acquired after a marriage considered community property in a non community property state such as Illinois?
In a community property state property purchased after marriage becomes the property of both parties.Community property rules govern in community property states. Property ownership is different in separate property statesand those rules allow a spouse to acquire separately owned property in some cases.
Is there conflict between Federal and CA state law regarding community property?
There is no real federal law on "community property" or any real ruling on it in federal courts. Community property does not break the threshold for the requirements of a federal case; generally speaking. It would require the gross usurpation of rights, under the pretense of a sexual discrimination definition, to even gain the attention of a federal court.
Does California still recognize community property?
Yes. California is a community property state. COMMUNITY PROPERTY STATES • Arizona • California • Idaho • Louisiana • Nevada • New Mexico • Texas • Washington • Wisconsin Alaska is an opt-in community property state; property is separate property unless both parties agree to make it community property through a community property agreement or a community property trust.
Is it community property if the inherited property was not in a community property state?
Inherited property is not generally considered community property. However, if the property is located in another state, the property laws in that state govern. For example, California is a community property state. If the married couple from California inherited land in massachusetts, that land would not be held as community property since Massachusetts is a separate property state. If the California wife purchased property in her own right in massachusetts it would not become community property of the marriage. Massachusetts law would govern the ownership of the property.
