Community Property

A marital property regime in which both parties in a marriage are equal owners of any property acquired during a marriage. This holds especially true of any homes acquired during a marriage. Even if only one spouse is on the deed, the other spouse in a community property state is entitled to half the ownership interest in a property, barring anything in the prenuptial agreement that would supersede the community property law.

 

The other method of defying community is to have one of the spouses file a quitclaim deed and remove themselves from the deed.

 

 

 

List of Community Property States

Arizona

California

Idaho

Louisiana

Nevada

New Mexico

Texas

Washington

Wisconsin

 

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