The following type of property is considered community property:
A)Money placed in pension funds.
B)The value of a business owned by one of the spouses.
C)None of the above.
D)Both of the above.

Question

Quizplus · Accepted Answer

Both money placed in pension funds and the value of a business owned by one of the spouses are considered community property if they were acquired during the marriage. Community property refers to assets that are owned equally by both spouses in a marriage.

The Following Type of Property Is Considered Community Property