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In some states, such as California, Nevada, Texas and Wisconsin, "community property" laws are used to divide property in the event of a divorce or legal separation. Community property is essentially property that will be subject to division in the divorce. As distinguished from separate property, which is owned separately by spouses, community property will be divided equitably in the event of a divorce. Although each state will have its own specific implementation of community property laws, a good rule of thumb is that any property acquired before or after a marriage will be considered separate property and all property acquired during a marriage will be considered community property. Inheritance and gifts, even when acquired during a marriage, are generally not considered community property.
If you want to learn more about this important topic, it is beneficial to find a local family lawyer who can provide sound guidance and information. You can use our directory to find and compare attorneys in your area who handle divorce and community property related matters.