Discover the differences between common law and community property states in marital property division during divorce. Learn what counts as marital property.

Community property law applies in determining whether property and the income it produces is community property or separate property if (1) in the case of income from ...

These states require equal distribution of assets acquired during a marriage Reviewed by Pamela Rodriguez Fact checked by Vikki Velasquez Community property means spouses who acquire property during ...

ndividuals who file a joint tax return accept joint and several liability for any underpayments. IRC section 6015(a) provides an innocent spouse protection from an assessed deficiency due to an ...

Louisiana is a community property state, wherein spouses are considered joint owners of nearly all assets and debts acquired in marriage. In the event of a divorce, assets acquired during the marriage ...

Question: My husband and I are filing for divorce in 2025. My attorney told me that we can file “Married Filing Separately” or “Married Filing Jointly” for 2024. Can you please give me the basics ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Cross-border marriages can trigger complex U.S. tax issues ...

If you're married and living in Idaho, the distinction between community property and separate property isn't just a legal ...

Property division in a divorce depends on whether the state follows community property or common law rules. In community property states, most assets acquired during the marriage belong equally to ...

A divorce requires separating the assets that the couple acquired while married. Especially if spouses do not have a prenuptial agreement, they may need to navigate rules surrounding community ...

MP McQueen is a veteran journalist who has covered national and metro news, and has written and edited articles for legal and financial publications. Erika Rasure is globally-recognized as a leading ...