Community Property Law
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The paper examines community property law in relation to the separate property of each spouse and the real estate which either spouse acquires. The paper then explains community property versus joint tenancy, the differences in the community property system versus common law marital property system and the community property systems in times of divorce. The paper also discusses the laws of community property with regard to inequities of income splitting, creditors and death of the spouse. The paper shows how community property law promotes equity as well as efficiency but with certain drawbacks.
Sample of Sources Used:
- Abts, Henry W. (2002) "The Living Trust: The Failproof Way to Pass Along Your Estate to Your Heirs ..." McGraw-Hill Professional.
- Gregory, John DeWitt; Richards, Janet; Wolf, Sheryl L. (2003) "Property Division in Divorce Proceedings: A Fifty State Guide" Aspen Publishers Online.
- Lawyers Attorneys. (2007, May) "Community Property Law" Retrieved 17 April, 2008 fromhttp://legalcatch.wordpress.com/2007/05/22/community-property-law/
- N. A. (2008) "Family Law - Divorce Law - Community property" Retrieved 17 April, 2008 from http://family-law.freeadvice.com/divorce_law/1community_property.htm
- N. A. (2008) "Married Couples: Who Owns What?" Retrieved 17 April, 2008 from http://www.nolo.com/article.cfm/pg/4/objectId/70F6390D-B251-4CA7-A0B734844FB69A31/catId/F251EA55-13A9-4EE0-85D21CEB27636030/309/298/ART/
Cite this Term Paper:
Community Property Law (2009, August 10) Retrieved July 29, 2021, from https://www.academon.com/term-paper/community-property-law-115760/
"Community Property Law" 10 August 2009. Web. 29 July. 2021. <https://www.academon.com/term-paper/community-property-law-115760/>