2007-10-25 08:59:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It is property and assets acquired during the course of the marriage, by either spouse, as the above posts state.
It does NOT include inheritances and gifts. Those remain the separate property of the individual, whether acquired before, during, or after the marriage.
2007-10-25 10:17:14 · answer #1 · answered by Mr Placid 7 · 1⤊ 0⤋
Property you aquire during the course of a marriage. States with community property laws will make you divide everything equally during a divorce.
2007-10-25 16:11:33 · answer #2 · answered by Anonymous · 1⤊ 0⤋
In a marriage (I assume this is what you mean) community property is that which is accumulated during the term of the marriage, and to which each partner has ownership in an undivided interest. Thusly, at divorce time, such ownership is split equally from a financial standpoint.
2007-10-25 16:12:02 · answer #3 · answered by acermill 7 · 1⤊ 0⤋