Community Property
The examples and perspective on this article deal primarily with the United States and do not signify a worldwide view of the subject. If neighborhood property funds or labor are used to acquire or improve the asset, an equitable lien is imposed against a partner’s separate real property to secure the opposite spouse’s right of reimbursement for community property improvements to that property, but the character of the separate property will not be modified.
If, for example, one partner domiciles in a community property state and the opposite in a common law state, the wages of the partner residing locally property state would be community property, but these of the opposite spouse can be separate property beneath the regulation of the opposite state.
Neighborhood property except there’s a written agreement between the spouses which clearly evidences the spouses’ intent to hold the property in joint tenancy reasonably than as CP. Holding title in joint tenancy will not be enough by itself to overcome CP presumption.
If, however, a home is owned as separate property, and one of many spouses is a carpenter and builds an addition with supplies acquired with neighborhood property, any increase in worth as a result of addition is both community property or creates a right to reimbursement of the group.
Generally the battle happens where federal regulation provides a spouse the power to pass the property to heirs free from claims by the opposite partner, the place below state regulation the property would otherwise be held … Read more