Community property is a marital property regime that originated in civil law jurisdictions and is now also found in some common law jurisdictions. The states of the United States that recognize community property are primarily in the West; it was inherited from Mexico`s ganancial community system, which itself was inherited from Spanish law (a Ro....
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http://en.wikipedia.org/wiki/Community_property
legal treatment of the possessions of married people as belonging to both of them. Generally, all property acquired through the efforts of either ... [5 related articles]
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http://www.britannica.com/eb/a-z/c/120
Ownership of property is presumed to be equally owned by both the husband and wife unless it was acquired as a separate property of either spouse. Community property is not in all states.
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http://www.encyclo.co.uk/local/20965
Some state laws require that all assets acquired during a marriage belong equally to both spouses, except for gifts and inheritances given specifically to one spouse. The eight states with such laws are known as community property states. The eight states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas and Washington. Puerto Ri...
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http://www.encyclo.co.uk/local/21196
It is asystem of dividing property owned by husband and wife equally on divorce or on the death of one of them.This includes property that that has been acquired during their marriage without considering who paid for the property or in whose name it is owned.All property is joint property except the one that is inherited or any special gifts or any...
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http://www.encyclo.co.uk/local/21213
In some western and southwestern states, a form of ownership under which property acquired during a marriage is presumed to be owned jointly unless acquired as separate property of either spouse.
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http://www.encyclo.co.uk/local/21398
Property and income that is accumulated by a husband or wife, or jointly as a couple, during a marriage; as a consequence, they are owned in common by both.
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Property acquired by a couple during their marriage. Refers to the system in some states for dividing the couple's property in a divorce or upon the death of one spouse. In this system, everything a husband and wife acquire once they are married is owned equally (fifty-fifty) by both of them, regardless of who provided the money to purchase the ass...
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http://www.lectlaw.com/def/c075.htm
A method of defining the ownership of property acquired during marriage, in which all earnings during marriage and all property acquired with those earnings are owned in common and all debts incurred during marriage are the responsibility of both spouses. Typically, community property consists of all property and profits acquired during marriage, e...
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http://www.nolo.com/dictionary/community-property-term.html
Refers to assets or a method of ownership. Generally, it means that each spouse owns a 50 percent interest in an account. Upon the death of one spouse, the survivor claims his or her ownership of one-half of the asset. The other half will pass in accordance to will or to law. Each state is different in its laws and interpretations. Some states that...
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http://www.oasismanagement.com/glossary/
[
n] - property and income belonging jointly to a married couple
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http://www.webdictionary.co.uk/definition.php?query=community%20property
noun property and income belonging jointly to a married couple
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https://www.encyclo.co.uk/local/20974
(in some states) property acquired by a husband, wife, or both together, that is considered by law to be jointly owned and equally shared.
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https://www.infoplease.com/dictionary/community-property
No exact match found.
