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What is the difference between a community property state and a non community property state?
Wiki User
∙ 11y ago
A community proprty state is one where anything paid for from a joint accounts (such as property even though the original purchase maybe have been initiated whike single) becomes property of the spoue as well. Regarding property...the only way It will not become community property is if is always paid for from a separte accounts or if the other spouse signs stating the they want nothing to do with It.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoThe basic difference in family law between a "community property" state and an "equitable property" state, is that in the former most assets are simply split 50/50 regardless of any other factors, whereas in the latter if ownership is not already "50/50" then instead of a simple split a court will go through the exercise of attempting to determine an equitable split based on a number of factors including but not limited to how much the spouse seeking participation has "contributed" in cash or other ways to the marriage and to the property.
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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.
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 community property state mean?
The term community property state means that the community property in a marriage divided equally between the two parties when there is a divorce. This property usually does not include property owned before the marriage.
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 Iowa a Community Property State?
Iowa is not a community property state.
Does the state i live in divorce laws applied to me if i was married in a different state?
The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.
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 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.
What difference is it to IRS if you are in a community property state?
The statutes of the Internal Revenue Code and the Treasury Regulations promulgated thereunder and the common law and rules made in their regard can and do specify and define where the laws of a community property State apply to its effect.
Are farm crops community property?
If You are married in a community property state yes
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 is a community property state?
This means that when two people are married their property is divisible between them. A good example is the division of assets when two people divorce. This also applies to debts of those people (in TX at least)
