community property agreements

Community property agreements are legal arrangements that define how assets and debts are owned by spouses or registered domestic partners. In jurisdictions that recognize community property, all property acquired during the marriage is considered jointly owned, regardless of who purchased it. A community property agreement allows couples to specify their own rules about the ownership and management of property, often to clarify financial rights and responsibilities. This can help prevent disputes during divorce or death by outlining how assets will be divided. It is a proactive way for couples to address property issues in a legally binding manner.