What Are the Community Property States? Any assets and liabilities gained by either spouse during a marriage belongs to both spouses according to community property laws implemented by nine community ...

Property division in a divorce depends on whether the state follows community property or common law rules. In community property states, most assets acquired during the marriage belong equally to ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. In a community property state, spouses and ...

Community property laws provide a straightforward system for managing finances as a couple, in marriage, or in divorce. This system applies whether you're happily married or considering a financial ...

Michael J. Jones, Thompson Jones LLP, Monterey, Calif. Community property (CP), a 50-50 form of marital property ownership, is the law in nine states and is available by election in one.1 About 30 ...

Question: My husband and I are filing for divorce in 2025. My attorney told me that we can file “Married Filing Separately” or “Married Filing Jointly” for 2024. Can you please give me the basics ...

Louisiana is a community property state, wherein spouses are considered joint owners of nearly all assets and debts acquired in marriage. In the event of a divorce, assets acquired during the marriage ...

A new Kansas law offering the benefit of community property may allow married couples to significantly reduce future capital gains and depreciation recapture taxes by obtaining a potential “double ...