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Synonyms for «community property»

Community property refers to property or assets that are owned jointly by a married couple. It means that both spouses have an equal ownership interest in the property, regardless of who acquired it. If the couple divorces or one spouse passes away, the community property is typically divided equally between them. Full definition
Similar and related words and phrases are presented below.

«community»

communal family local town school estate common neighborhood commercial group living church shared development country city public investment district village cooperative residential condominium joint government farm legal real based class college closed company private general county party art rental copyright council collective client solar meeting neighboring income open creative

«property»

ownership owners housing asset area land resources people service relationships rights law trust interest members projects management control partners work home part room care building state content space business power garden tenant action equity activities health wealth rules programs nature partnership market character settings benefit association residents credit site

Related phrases

Phrases with «community property»

Sentences with «community property»

  • Equal ownership extends to debts in community property states as well, making both spouses equally liable for debts — even when one spouse was unaware of those debts. (berenjifamilylaw.com)
  • However, married taxpayers who live in community property states and filed to file joint tax returns may still qualify. (taxdebthelp.com)
  • If you live in a state with community property laws, you may not be able to give your lover any money, or, at most, only half. (policygenius.com)
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