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Why Worry About Community Property? Smith, Gambrell & Russell Form

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so i have a question about community property what what is that exactly what is it what does it mean well community property is a system we have in texas also in california and several other mostly western states that says that if you're married for both divorce and death purposes that whatever you own is presumed to be owned by both of you even if it's just in one person's name many people mistakenly think well it's in my name i own that she's got nothing to do with it well it's true that person can make decisions about that property during the marriage but for death or divorce purposes and here we're talking about death purposes that's what we're concerned with in the within probate as to who gets what that the property is presumed to be community unless it can be shown that someone had it before the date of the marriage or that during the marriage a person received it by as a gift or inheritance typically from a

Related searches to Why Worry About Community Property? Smith, Gambrell & Russell

Quasi marital property
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