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  2. Community property - Wikipedia

    en.wikipedia.org/wiki/Community_property

    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 ...

  3. Matrimonial regime - Wikipedia

    en.wikipedia.org/wiki/Matrimonial_regime

    Separate Property with Equitable Distribution: Under this system, when substantially more property acquired during a marriage is owned by one spouse (e.g. title to all marital property is held in the husband's name only), the courts will make an equitable distribution of the richer spouse's property at death or dissolution of the marriage.

  4. Community property in the United States - Wikipedia

    en.wikipedia.org/wiki/Community_property_in_the...

    All other property acquired during the marriage is treated as community property and is subject to division between the spouses in the event of divorce. The United States has nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. [1] Four other states have adopted optional ...

  5. Who is responsible for debt after divorce? - AOL

    www.aol.com/finance/responsible-debt-divorce...

    Sorting debts and assets during a divorce can be daunting and complex. Couples often create joint debt while married, and the “what’s mine is yours” mantra can backfire if they decide to ...

  6. I’m Married, but I Filed Separately This Year: Here’s Why

    www.aol.com/m-married-filed-separately-why...

    If they file separately, the spouse does not have to worry about being garnished or levied for the debt, whereas if they filed jointly, the spouse’s income and separate assets would be subject ...

  7. Married Filing Separately: What You Need To Know for ... - AOL

    www.aol.com/finance/married-filing-separately...

    Filing taxes under the status of “married filing separately” for tax year 2020 — i.e., the return you’re filing in 2021 — is largely unchanged from the 2019 tax year. If the IRS hands ...

  8. Joint wills and mutual wills - Wikipedia

    en.wikipedia.org/wiki/Joint_wills_and_mutual_wills

    Joint wills and mutual wills. Joint wills and mutual wills are closely related terms used in the law of wills to describe two types of testamentary writing that may be executed by a married couple to ensure that their property is disposed of identically. Neither should be confused with mirror wills which means two separate, identical wills ...

  9. 9 Life-Altering Money Rules Hidden in Your Marriage Contract

    www.aol.com/9-life-altering-money-rules...

    Depending on the laws in your state, the court might determine $750,000 was separate property (because that was the value prior to marriage) and the other $750,000 is marital property (because ...

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