Community Property - A form of co-ownership of property used in some states, that
divides equally all property acquired during the term of the marriage. Inheritance and gifts
are excluded in some jurisdictions. Currently, these eight states have community property
laws: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas and Washington.
The Wisconsin system has similarities. Most other states follow the rule of Equitable
Division of Property.
Back to Glossary
divides equally all property acquired during the term of the marriage. Inheritance and gifts
are excluded in some jurisdictions. Currently, these eight states have community property
laws: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas and Washington.
The Wisconsin system has similarities. Most other states follow the rule of Equitable
Division of Property.
Back to Glossary
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Law Offices of Warren R. Shiell Glossary
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Law Offices of Warren R. Shiell Glossary
