Ownership and estates
Community property
A marital property system in which most property acquired during marriage is owned equally
Used in a minority of states. Property acquired during the marriage is community property owned half and half; property owned before the marriage or received by gift or inheritance stays separate. Both spouses must generally join in conveying community real property.
How the exam asks about it
The recurring test is separate versus community: an inheritance received during the marriage is normally separate property, which is the fact the question is usually built around.
Related terms
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