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The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10] Division of community property may take place by item by splitting all items or by values.
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
States vary in their rules for the division of assets. Some states are "community property" states, others are "equitable distribution" states, and others have elements of both. Most "community property" states start with the presumption that community assets will be divided equally, whereas "equitable distribution" states presume fairness may ...
In most states, even where divorce rates are high, they're declining. Read 15 States Where Divorce Is Most Common from Money Talks News.
States with low divorce rates. The least common states for divorce are: Alaska: 10.90% of population divorced. New Jersey: 8.40% of population divorced. Massachusetts: 9.20% of population divorced.
Gray divorce rates. While the U.S. has maintained a steady decline in divorce rates, the situation is different for divorce among middle-aged and older adults, also known as gray divorce:. 36% of ...
In the United States, marriage and divorce fall under the jurisdiction of state governments, not the federal government. Although such matters are usually ancillary or consequential to the dissolution of the marriage, divorce may also involve issues of spousal support, child custody, child support, distribution of property and division of debt.
There's no denying that divorce can take an overwhelming emotional toll on all parties involved. When you add the financial burden, the experience and process can be downright devastating. While ...