Community Property State Definition

noun
A state in which income or property acquired by a husband or wife during the course of their marriage, except for the income or property obtained solely by one of them by gift or inheritance, is community property.
Webster's New World Law

Community Property State Sentence Examples

  • A person who lives in a community property state can choose to waive his or her rights to this method of dividing marital property.

  • Keep reading to find out if you live in a community property state and what this means for your divorce settlement.

  • Florida is not a community property state.

  • There may be an advantage to the divorce action being filed in a certain jurisdiction; for example a couple may not want to file in a community property state if they have agreed on a different formula for dividing their marital property.

  • In some situations, a couple can live in a community property state but all assets are not divided equally.

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