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Community property

Community property is a marital property regime found in some common law jurisdictions in which all property acquired during the marriage (except for gifts or inheritances) is owned jointly by both spouses and is separated 50/50 upon divorce or annulment. In non-community property states property may be divided by equitable distribution[?]. The property that each partner brings into the marriage is called separate property[?]. See division of property.

In the United States There are nine community property states - Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In addition, Puerto Rico is a community property jurisdiction.

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