Divorce

A Free Service Provided By www.FactsOfLaw.com
Home

Sponsored Links


Community Property

 


Click Above

Legal Topics

Arbitration and Mediation
Bankruptcy
Bextra
Car Accidents
Celebrex
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
Death
Divorce
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Fen-Phen
Immigration Law

Lawsuits
Lemon Law
Marriage
Medical Malpractice
Megan's Law
Meridia
Mesothelioma & Asbestos

Mold
Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Vioxx
Wills
Workers' Compensation
Work Related Injury

Legal Kits

Privacy Policy

 

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 assests 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 assets.  The federal tax implications are discussed in IRS Publication 555.

 

Community Property Best Sellers from Amazon.com

Your Guide to VA Loans: How to Cut Through The Red Tape and Get Your Dream Ho...
by David Reed
Amazon Price: $8.73
Customer Review: Three years ago, when we first started shopping for a house in New Jersey, I couldn't find any reliable information on VA loans anywhere. This year, we resumed our search and I was delighted to come across David Reed's excellent Guide to VA Loans ear...

Beyond Intellectual Property: Toward Traditional Resource Rights for Indigeno...
by Darrell A. Posey, Graham Dutfield
Amazon Price: $20.00
Customer Review: The book looked great when I first got it but shortly after using it the binding began to break and some pages fell out. I wanted to not only use it for this semester for my class...it is a book that I want to hang onto because it is a very interest...

Teaching as Community Property: Essays on Higher Education (JB-Carnegie Found...
by Lee S. Shulman
Amazon Price: $35.10
Customer Review: This collection of essays and speeches by Shulman presents a challenge to higher education to place greater emphasis on teaching. While professors at many colleges may be experts in their content area, many know little about the art of teaching. In...

California Community Property: Examples and Explanations (Examples & Explanat...
by Charlotte K. Goldberg
Amazon Price: $38.95
Customer Review: This was so helpful to me in Community Property. The casebook was awful, and this followed the casebook quite closely, doing a much better job of presenting the material. Highly recommend this - I could have passed the class with this book alone.

Community Property in California (Casebook)
by Grace Ganz Blumberg
Amazon Price: $126.00
Customer Review: This is a handy technical nook that will allow you to have a source of case law to back up your positions and enhance your writting and further research.


Newsfeed display by CaRP

Community Property News

Senator Fields Questions From Local And National Press During Visit To YCity ...
ZANESVILLE In his quest for the presidency, Sen. Barack Obama fielded questions outside Eastside Community Ministry on Tuesday about topics ranging from foreclosures to same sex marriage.

Samesex Marriage Measure Defended The San Francisco Examiner
A Florida based legal firm filed a motion in San Francisco court Monday defending a November ballot initiative opposing same sex marriage apparently without collaborating with the initiatives supporters.

Nic Keiths Baby Bunker Adelaide Now
NICOLE Kidman and Keith Urban are believed to be nesting in Nashville, Tennessee preparing for the imminent birth of their first child.

Voters Get 11 Ballot Measures Arizona Daily Sun
PHOENIX Arizona voters will get to decide the fate of 11 measures this year at the ballot.

The Sharia Debate: We Cant All Be Equal Under Different Laws Times Online
Sneakily, Britains first Muslim Minister, Shahid Malik, has ducked the critics that he will enrage in an interview to be broadcast on Channel 4s Dispatches programme on Monday.

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from FactsOfLaw.com. Violators will be prosecuted to the fullest extent of the law.

The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.

 

Copyright © 2008 All Rights Reserved - FactsOfLaw.com
No Portion of This Page May Be Copied Without Written Permission