In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a motorcycle from Patricia's uncle as a gift. What property is community property in this marriage?

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Business

Rogelio Ho

3 July, 02:58

In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a motorcycle from Patricia's uncle as a gift. What property is community property in this marriage?

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Answers (1)

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Dalton Cross · Answer 1

The Buick and the second property.

Explanation:

The community property law states that income earned by either of spouse during the marriage or all the property purchased with those income during the marriage are equally owned by both husband and wife. These income and property are considered as community property.

Community property law distinguishes real and personal property into categories of separate and community property. Separate property belongs to one spouse; community property belongs to both spouses equally. Separate property is that property which is acquired prior to the marriage, by gift or inheritance.

Similarly, during the marriage debt is also equally shared by the spouse.