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Community dating general

Indeed, one sign of community property's importance is that the states of California, Idaho, Louisiana, and Texas have made it a mandatory subject on their bar examinations, so that all lawyers in those states will be able to educate their clients appropriately. If the marriage terminates in subsequent years, there can be difficult community property problems to solve.For instance, often there is a contribution of separate property; or legal title may be held in the name of one party and not the other.Community property issues often arise in divorce proceedings and disputes after the death of one spouse.These disputes can often be avoided by proper estate planning during the spouses' joint lifetime. Property acquired before marriage is separate and belongs to the spouse who acquired it.

For example, in California, community property is required to be divided "equally" while community debt is required to be divided "equitably".Some states have created a newer form of community property, called "community property with right of survivorship." This form of holding title has some similarities to joint tenancy with right of survivorship.The rules and effect of holding title as community property (or another form of concurrent ownership) vary from state to state.This type of ownership applies to most property acquired by each spouse during the course of the marriage.It generally does not apply to property acquired prior to the marriage or to property acquired by gift or inheritance during the marriage.

Division of community property may take place by item by splitting all items or by values.

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16-Aug-2018 16:28
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Community dating general introduction

Community dating general

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