community property

noun

: property held jointly by a married couple

Examples of community property in a Sentence

Recent Examples on the Web

With two or more children, the spouse gets all of the community property and one-third of the separate property, with the children sharing the rest. —Liz Weston, San Diego Union-Tribune, 15 Oct. 2023

Can personal property, such as stocks and bonds, also be held as community property with right of survivorship? —Christopher A. Combs, The Arizona Republic, 25 July 2023

Colonists paid fees and membership dues and in return would get 5 acres, a house and the use of community property, such as horses and agricultural machinery. —San Diego Union-Tribune, 2 Oct. 2023

Answer: The benefits of spouses holding title to a home as community property with right of survivorship are probably only available for a home or other real property. —Christopher A. Combs, The Arizona Republic, 25 July 2023

When a guardian of the estate is ordered for a ward who is married, then the spouse is supposed to turn over half of the community property to the guardian, including bank accounts and investment accounts. —Virginia Hammerle, Dallas News, 13 Aug. 2023

In community property states, however, both halves of the couple’s community property get the step up with the first death, said Los Angeles estate planning attorney Burton Mitchell. —Liz Weston, oregonlive, 6 Aug. 2023

For example, most casebooks now in talking about community property and income splitting, talk about gender. —Tax Notes Staff, Forbes, 24 Jan. 2023

The organization was charged with creating a first-class museum, and only a week after his death in 1964, his widow left her portion of their community property to the Foundation as well. —Steven Lindsey, Dallas News, 5 Aug. 2022

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Word History

First Known Use

1848, in the meaning defined above

Legal Definition

community property

see property