community property

noun

: property held jointly by a married couple

Examples of community property in a Sentence

Recent Examples on the Web

There are exceptions, such as co-signers, joint account holders in some situations or spouses in certain community property states. — Angelica Leicht, CBS News, 13 July 2026

For couples living in a community property state, this may mean assets get divided 50/50. — Becca Stanek, TheWeek, 10 July 2026

Alaska is unique because couples can choose to opt into a community property system for certain assets. — Jasmin Suknanan, CNBC, 6 July 2026

These risks can be mitigated through careful planning around key legal factors, including California corporate, probate, and community property laws, restrictions imposed by your business’s governing documents, and estate, income, and property tax exposure. — Fennemore, Oc Register, 30 Apr. 2026

Word History

First Known Use

1848, in the meaning defined above

Legal Definition

community property

see also:

property