Community Property Law

Community Property Law is a legal framework in certain states that considers most property and income gained during a marriage as jointly owned by both spouses, regardless of who earned or acquired it. Upon divorce or death, this community property is typically divided equally. The goal is to treat both spouses fairly regarding their contributions, whether financial or otherwise, during the marriage. This law applies only in specific states and can vary in its details, but its main principle is that marital assets are shared equally between spouses.