community property, marital property, separate property, equal division, property ownership, marital assets, community debts, property division, spousal ownership, marital estate

Understanding Community Property Community property is a legal concept that determines how assets and debts are owned by married couples in certain states. Under community property law, most assets acquired and debts incurred during marriage are considered equally owned by both spouses, regardless of who earned the money or whose name is on the title. […]