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Community Property

Last Updated: November 15, 2006 | Related resource areas: Personal Finance

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The laws of some states (nine) that most property acquired during the marriage by either spouse is held equally by husband and wife as community property. Currently, community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. In addition, Puerto Rico is a community property jurisdiction. Married couples in Alaska can also adopt community property rules, at least for the purposes of that state's law, by signing an agreement to that effect.


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