community property resources

Community property resources refer to assets and income acquired by a couple during their marriage or domestic partnership. In jurisdictions that recognize community property, both partners share equal ownership of these resources, regardless of who earned or purchased them. This means that, in the event of a divorce or separation, the couple typically splits these assets equally. Community property typically includes earnings, real estate, and other investments made during the relationship, while personal property owned before marriage or received as a gift may be excluded. This legal framework aims to ensure fairness in the division of marital assets.