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Community Property.


Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, and Washington follow a different system. They are "community Property" states. In these states, the income earned and both spouses share Property acquired during Marriage equally, even if one spouse earned all the income. Just as in the common law states following the "traditional" system, Property owned before Marriage plus gifts and inheritances remain separate Property. Wisconsin has adopted the Uniform Marital Property Act, which approximates community Property statutes.
 
In community Property states, the community Property is divided "equitably" upon divorce, and each spouse keeps his or her own separate Property. "Equitably" means "equal" or "50/50" in a few states. However, in most states a judge may modify this "50/50" approach and divide the Property unequally after taking into consideration all of the circumstances, including the ability of each spouse to earn future income. Because judges in common law states usually divide Property fairly between divorcing spouses, the differences between community Property states and common law states are no longer as great as they were in the past.
 
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Community Notes: New free alerts to potential property fraud offered by county

The Sheboygan Press
Sheboygan County's Register of Deeds Ellen Schleicher urged county residents to take advantage of a new, free service being offered by the Register of Deeds office to help protect people against property fraud. People can sign up through the county's ...
Community Notes: New free alerts to potential property fraud offered by county

Community property estate loophole persists

Albuquerque Journal
So if the wife inherited all of the property, she received an income tax basis adjustment for all of the couple's property. But this was not true for those who lived in a community property state. If the husband and wife owned the property as community ...
Community property estate loophole persists
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