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LSDefine

Simple English definitions for legal terms

community property

Read a random definition: derogation

A quick definition of community property:

Community property is when a married couple owns everything they get during their marriage together. This includes things like money, property, and even debt. Some states have community property laws, which means that both spouses own everything equally, no matter who earned it or bought it. Other states have different laws about who owns what.

A more thorough explanation:

Community property refers to assets that are acquired during a marriage by either spouse. This can include property, income, and even debt. In some states, such as California, any income, real estate, or other property acquired by either spouse during the marriage belongs to both spouses. This means that both spouses own everything equally, regardless of who purchased it or earned the income.

  • John and Jane get married and buy a house together. In a community property state, both John and Jane would own the house equally, even if only one of them paid for it.
  • Samantha and David get married and David starts a business. In a community property state, Samantha would have a legal claim to half of the income generated by the business, even if she did not contribute to it directly.
  • Mark and Lisa get married and Lisa has student loan debt. In a community property state, Mark would be responsible for half of the debt, even if he did not take out the loans.

These examples illustrate how community property laws can affect the ownership and responsibility of assets acquired during a marriage. It is important to understand the laws in your state and how they may impact your financial situation.

community interest development | community property with right of survivorship

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NosyBeagle
16:59
If you spend a couple months studying, take the test like summer/early fall then you could totally get a good score and dominate ur apps
ParallelAgreeableOrangutan
17:00
As a young potential KJD applicant, there is absolutely no rush and potentially everything to gain by getting work (and life) experience for a year or three
AngryMiniCar
17:00
^^ mmhm
thank you guys!! and no i don't mind the gap year i just want to make sure i'm fully prepared
AngryMiniCar
17:01
Especially cause a good amount of your competition is gonna have at least 1 year of work experience ahead of you.
AngryMiniCar
17:01
Yesss take the gap
ParallelAgreeableOrangutan
17:01
Unless you have like a 4.3 CAS GPA and crazy softs (softs are the non-quantifiable elements in your application that set you apart from others with similar stats)
AngryMiniCar
17:01
^^
ParallelAgreeableOrangutan
17:02
But even so, enjoy being young, trying something you won't have time to try once you're a law student/lawyer
ParallelAgreeableOrangutan
17:03
And that thing will make your application sparkle
ParallelAgreeableOrangutan
17:03
It will also make you sparkle (hopefully!)
NosyBeagle
17:03
take it from me: don't rush to take the lsat while you're trying to finish school you're gonna get a poopy score, and have to try again later anyways so be smart and take a load off. you got this
well unfortunately my gpa is sitting at a 3.5 or so because i did get a c in calc when i was 15... but i did see retaking classes doesnt affect the lsac gpa but again thank you guys!! luckily these two semesters aren't too bad for me but hopefully i can find something aligned with my interests to help me w that
ParallelAgreeableOrangutan
17:06
What was it like starting college at... 15?
AngryMiniCar
17:07
15????
ParallelAgreeableOrangutan
17:07
I mean I'm just doing the math (I think)
NosyBeagle
17:07
a 3.5 is still good.
NosyBeagle
17:07
also don't go on r/lawschooladmissions cus they're gonna tell you to die pretty much
ParallelAgreeableOrangutan
17:09
What are your career goals? Why do you want to be a lawyer? Asking both because you'll need to get clear on that for your admissions essays and because I'm super curious lol
NosyBeagle
17:10
^^
So I did dual enrollment and summer classes for my paralegal cert (that I haven’t finished) and not ACTUALLY started college. I barely graduated hs last year actually! But I wanted to originally work gov because I did get sexually assaulted as a child and recently had trial 3 weeks ago (after the case became a 3-4 year ordeal) and he was actually acquitted of all charges UNFORTUNATELY but that kinda inspired me when I was younger
NosyBeagle
17:13
I'm so sorry to hear that ): I think you'd be a strong advocate for kids.
And I do know im going to get paid peanuts as some may put it so if im in debt maybe ill do whatever, and i do know corporate is a stretch but i have been working since i was 14 so i feel like id be able to handle the workload of that… and just do pro bono cases if i dont want to be “poor” for long
And thank you! It definitely hasn’t been easy and I have been trying to be more vocal about that recently especially on social media and getting my story out
NosyBeagle
17:22
Yes I defintely think you deserve a BREAK and hopefully you do too. You've been through so much. Also u can totally minimize ur debt with saving a buttload of money. but it is ok. all of us are gonna be in the hole for awhile
ParallelAgreeableOrangutan
18:03
I'm sorry that happened to you! Definitely agree with the above, you definitely deserve a break. Hopefully you can find something that pays bills and gives you some peace and enjoyment, then jump into law school grounded and rested. (Sorry for the slow reply, hope you see it)
ParallelAgreeableOrangutan
18:06
We are rooting for you
Bettercaulsaul
21:46
Minor set back for a major comeback you got this
23:20
@ParallelAgreeableOrangutan: I appreciate u always hyping everyone up and being a stand up person/giving good advice on here, bravo
23:21
@GratefulSpecialSloth: things can change fast, aim for small incremental improvements each day and you will get where you need to be! Rooting for you as well!
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