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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 of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...
Parents who gave property to a daughter upon marriage also enjoyed the protection the Act provided from a son-in-law's mishandling of his family's affairs. [14] The property a woman could own and protect from her husband's creditors included slaves. [15] Maryland enacted important legislation in 1843 and Arkansas enacted legislation in 1846. [15]
In California, Nevada and Washington, registered domestic partners are also covered by community property rules. Community property vs. separate property. Living in a community property state ...
According to Travis Christiansen, an estate planning and family law attorney at Boyack Christiansen, a law firm based in Utah, "In community property states, the property — including brokerage ...
Community property is premised on the theory that marriage creates an economic community between the spouses (who may be same- or opposite-sex) and that the marital property attaches to that interpersonal community, rather than to the spouses themselves. There are several types of community property systems.
The Nevada Supreme Court interprets the law and constitution of Nevada. The Statutes of Nevada are a compilation of all legislation passed by the Nevada Legislature during a particular Legislative Session. The Nevada Administrative Code (NAC) is the codified, administrative regulations of the Executive Branch. The Nevada Register is a ...
In counties where the Unincorporated Town Government Law does not apply, a town board may be established for an unincorporated town, either by initiative petition or act of the county commissioners. [11] The five-member board is elected by residents. [12] The county commission may levy a property tax of up to 1.5% on all property in the town. [13]