Community property
Definition
Assets the couple bought together during the marriage.
Example
A house, car or furniture bought while married.
Related terms
Community property regime
Everything bought during the marriage belongs to both spouses.
Division of community property
Sharing out what the couple bought together.
Family home
The home where the family lived with the children.
Participation regime
Each spouse owns their own assets during the marriage, but the gains are shared on divorce.
Separate property
Assets that belonged to one spouse before the marriage.
Separation of property regime
Each spouse owns whatever they buy.
Information
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