- community property
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community property see property
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- community property
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n.Property owned equally by husband and wife, with all earnings divided equally between spouses; the form of marital property distribution used by a minority of states. See also equitable distribution, marital property
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- community property
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in some of the states of the USA and elsewhere in the world, there is a form of implied partnership in the profits resulting from a marriage. Premarital property remains the individual property of each party, but property acquired during the marriage is common property.
Collins dictionary of law. W. J. Stewart. 2001.
- community property
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A method of defining the ownership of property acquired during marriage, in which all earnings during marriage and all property acquired with those earnings are owned in common and all debts incurred during marriage are the responsibility of both spouses. Typically, community property consists of all property and profits acquired during marriage, except property received by inheritance, gift, or as the profits from property owned before marriage. Community property laws exist in Arizona, California, Idaho, Nevada, New Mexico, Texas, Washington, and Wisconsin. In Alaska, couples can create community property by written agreement. (See also: separate property, equitable distribution)Category: Bankruptcy, Foreclosure & Debt → BankruptcyCategory: Bankruptcy, Foreclosure & Debt → Debt & Collection AgenciesCategory: Divorce & Family Law → Divorce, Child Support & CustodyCategory: Divorce & Family Law → Lesbian & Gay CouplesCategory: Wills, Trusts & Estates → Estate TaxCategory: Wills, Trusts & Estates → Estates, Executors & Probate CourtCategory: Wills, Trusts & Estates → Living Trusts & Avoiding ProbateCategory: Wills, Trusts & Estates → Wills
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- community property
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The holdings and resources owned in common by a husband and wife.
Dictionary from West's Encyclopedia of American Law. 2005.
- community property
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The holdings and resources owned in common by a husband and wife.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- community property
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n.property and profits received by a husband and wife during the marriage, with the exception of inheritances, specific gifts to one of the spouses, and property and profits clearly traceable to property owned before marriage, all of which is separate property. Community property is a concept which began in Spain to protect rich women from losing everything to profligate husbands, and is only officially recognized in some states which were once under or influenced by Spanish or Mexican control, including California, Arizona, New Mexico, Texas, Nevada, Idaho, Washington and Louisiana. Community property recognizes the equal contribution of both parties to the marriage even though one or the other may earn more income through employment. By agreement or action the married couple can turn (transmute) separate property into community property, including by commingling community and separate funds in one account. Community property is recognized based on fact or agreement of the parties, rather than holding of title. The state courts have wavered on what constitutes proof of community property, including the issue of whether joint tenancy is evidence of community property or not. Upon divorce community property is divided equally without regard to fault. Upon the death of one spouse all the community property goes to the other except in Texas surviving children get one half and in obvious sexual discrimination Nevada and New Mexico allow the husband to will a half to someone other than his wife.
Law dictionary. EdwART. 2013.
