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Quasi-community property is a concept recognized by some community property states. For example, in California, quasi-community property is defined by statute as all real or personal property, wherever situated, acquired before or after the operative date of this code in any of the following ways:
In community property states, all assets and debts that are taken on during your marriage (with few exceptions) are considered equally owned by both spouses. In the event of divorce, anything ...
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 ...
v. t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in ...
California’s affidavit for collection of personal property is known in some other states as a small estate affidavit. It is a sworn legal document a person can use to assert a claim to assets ...
The clearance rate — which measures how many crimes resulted in an arrest and referral for prosecution — also dropped for property crimes after Prop. 47 became law, dropping from 14% to 11% ...
In December 2010, the Internal Revenue Service issued a revised edition of its Publication 555, Community Property, explicitly applying this ruling to registered domestic partners in Nevada as well, the other community property states with such registries, as well as, in California, both registered domestic partners and same-sex couples ...
In community property states, community property belongs to the spouses equally. [34] The following states use community property regimes: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Alaskan law gives couples the option to create community property by written agreement. [35]