FORMS OF PROPERTY OWNERSHIP BETWEEN SPOUSES (JOINT TENANCY VS. COMMUNITY PROPERTY)


http://www.gagenmccoy.com/practice-areas/trusts-and-estate-p...


Estate Planning Articles
sites.estateplanning.com/fpm/epc/articles/13.phpTenants-by-the-Entirety: This form of joint ownership, available between spouses in some states, is similar to joint tenants with right of survivorship in that when .

In a community property jurisdiction, most property acquired during the marriage (except for gifts or inheritances)—the community, or communio bonorum—is owned jointly by both spouses and is divided upon divorce, annulment or death. Joint ownership is automatically presumed by law in the absence of specific evidence that would point to a contrary conclusion for a particular piece of property.[4] The community property system is usually justified by the idea that such joint ownership recognizes the theoretically equal contributions of both spouses to the creation and operation of the family unit.

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Note added at 6 days (2012-07-17 15:09:15 GMT)
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