Community Property

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Sam
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Sam

Joined: 21 May 2005

Posts: 198
Location: CALIFORNIA

92.34 Dollars($)

Posted: Thu Apr 08, 2004 10:37 pm Post subject: Community Property

Community Property is a form of ownership in which possessions, real estate and profits is accumulated through joint efforts of husband and wife. At the time of divorce, community property is equally divided among the two. It is recognized in some western and southwestern states like Arizona,California, New Mexico, Idaho, Texas, and Washington etc.

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