Jack and Jill live in a community property state. Jill works full time, and Jack stays home taking care of their children. What is the legal status of the earnings Jill makes that are used to purchase a new home?

Question

Quizplus · Accepted Answer

Property (except a gift or inheritance) that is acquired by the personal efforts of either spouse during marriage is called community property. Although state laws differ, they all operate on the theory that both spouses contribute equally to the marriage-that all property acquired during the marriage is the result of the combined efforts of both of them. Although one spouse may earn all the money to acquire the property, all the property acquired is considered community property.

Jack and Jill Live in a Community Property State