The property which came other than inheritance or any gift is known as community property. This type of property came into existence in marriages. All the property of assets which has been given in marriage by the spouses is a marital community as many states do not recognize community property.
Community property belongs to both the partners of marriage. Community property law is the law where the assets which were later acquired by the partners in the marriage, deals with the distribution of their property if the spouses get divorced for any reason. It is also said as a community of property.
Diana and Ryan Workman were married on January 1 of last year
For the holidays, Marty gave a watch worth $25,
Lucy and Ricky Ricardo live in Los Angeles, California. After
Clyde and Bonnie were married this year. Clyde has a steady
Jack and Liz live in a community property state and their vacation
Bonnie and Jake (ages 35 and 36, respectively) are
Walter and Nancy provide 60% of the support of their daughter
Determine the number of personal and dependency exemptions in each of the
Ulysses and Penelope are married and file separate returns for 2016.
Nadia died in 2016 and is survived by her husband, Jerold
