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Community Property Law

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Community Property Law

Community Property
Community Property Law administrates the distribution of property attained by a duo in a marriage during their marriage period, while ending of their marriage. Community property states the equal contribution of the possession to both parties in the marriage, no matter if one earns more than other does. Community property comprises debts, physical property, financial instruments, and money. Therefore, it is obvious that it will include bank accounts, retirement accounts, income, stocks, home equity, vehicles, furniture, mortgages, credit card debt, tax debt, and student loans. In compliance with this law, spouses can choose to sign a pre- or postnuptial contract affirming that certain items will not be taken as community property. Community Property Law is regulated by Civil Law.Community property is recognized based on fact or agreement of the parties, rather than holding of title.Read More

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Above Information might be usefull for all the states in US & Canada as below;

Alabama(AL), Alberta(AB), Arizona(AZ), Arkansas(AR), British Columbia(BC), California(CA), Colorado(CO), Connecticut(CT), Delaware(DE), District of Columbia(DC), Florida(FL), Georgia(GA), Hawaii(HI), Idaho(ID), Illinois(IL), Indiana(IN), Iowa(IO), Kansas(KS), Kentucky(KY), Louisiana(LA), Maine(MN), Maryland(MD), Massachusetts(MA), Michigan(MI), Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada(NV), New Hampshire(NH), New Jersey(NJ), New Mexico(NM), New York(NY), North Carolina(NC), North Dakota(ND), Ohio(OH), Oklahoma(OK), Ontario(ON), Oregon(OR), Pennsylvania(PA), Rhode Island(RI), South Carolina(SC), South Dakota(SD), Tennessee(TN), Texas(TX), Utah(UT), Vermont(VT), Virginia(VA), Washington(WA), West Virginia(WV), Wisconsin(WI), Wyoming(WY)

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