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Commonly Asked Questions about Community Property Legal Forms

The community property comprises: property acquired during the existence of the legal regime through the effort, skill, or industry of either spouse; property acquired with community things or with community and separate things, unless classified as separate property under Article 2341; property donated to the spouses
Louisiana Revised Statute 9:2801 states that the Court will divide all of the community assets and liabilities and assign them to each spouse so that each spouse receives property of an equal net value.
The property belongs to you both equally. Community property is: Anything you earned while married. Anything you bought with money you earned while married. Debt you take on while married.
When couples in Louisiana get divorced, their marital property is evenly divided. This is because Louisiana is one of the few states operating under a community property regime. This applies to all of the possessions and assets that are acquired during the marriage.
In the state of Louisiana, all assets and debts acquired during a marriage are considered community property, regardless of how theyre titled or whose name is listed on them. Community property, also called marital property, is subject to equal division during a divorce.
(a) Upon the death of a married person, one-half of the community property belongs to the surviving spouse and the other half belongs to the decedent.