« [ Back to Home ] »
<< Return to Law Dictionary Home

 

.

 

Law Dictionary Online

Search Legal Term
Web Bestonlinedictionary.com

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]

A to Z Legal Definitions and Terms Search

| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q |
|
R | S | T | U | V | W | X | Y | Z |
 

community property definition

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.

See also descent descent and distribution separate property
 
 
 
<< Return to Law Dictionary Home Page
 


 

law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary, law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]
 

Advertisers : www.hobbyprojects.com, www.sciencelobby.com, www.hotgamecheater.com,
www.indianfoodrecipes.net www.joyeemukherjee.com, www.beautytipsforwomen.net

 

Best Online Dictionary .com

 

www.bestonlinedictionary.com Copyright ® All Rights Reserved