Community property is a means of defining the ownership of property acquired during marriage under which all income earned during marriage and all property acquired with that income be considered the property of the community rather than the property of the individual spouses.
The Community Property states are:
- New Mexico
Alaska is an opt-in community property state; property is separate property unless both parties agree to make it community property through a community property agreement or a community property trust.
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
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