What Does Community Property Mean?

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What does Community Property mean? Read on to discover the definition & meaning of the term Community Property - to help you better understand the language used in insurance policies.

Community Property

Community Property

A law (which applies in only a minority of states) stipulating that at the time of divorce, husband and wife are each entitled to one-half of the total earnings and property acquired during marriage.

We hope the you have a better understanding of the meaning of Community Property.

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