California community property and real estate california is one of only nine community property states this gives married couples in california several choices about how to hold title to california real estate. The california code defines community property as all property real or personal wherever situated acquired by a married person during the marriage while domiciled in this state calif family code 760. For property acquired on credit and for debts incurred during the community you look at the primary intent of the lender to figure out whether the funds property debt is cp or sp but the presumption is that its cp. California is a community property state all property acquired during the course of a marriage is presumed to be community property all property acquired before marriage or after permanent separation by gift or inheritance is presumed to be separate property. Property is virtually anything that can be sold or bought couples may think of community property regarding real estate bank accounts retirement and pension plans stocks and bonds and the like
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