The National Directory of Certified Public Accountants

Ask A CPA - Divorce & Marriage Issues

Divorce, What Is Community Property?

Community property is property acquired after marriage in the states that follow the community property laws. These states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. The basis of the law is that both spouses form a partnership, and all property acquired during the marriage by the labor or skill of either spouse belongs to both spouses.

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