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marital property | Wex | US Law | LII / Legal Information Institute
Marital property is all property acquired by spouses during their marriage, no matter whose name is on the title of the property.
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25.18.1 Basic Principles of Community Property Law
Each spouse is treated as an individual with separate legal and property rights. Generally, each spouse owns and is taxed upon income that he or she earns. See
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United States Gift (and Generation-Skipping Transfer) Tax
If you make the QTIP election, the terminable interest property involved will be included in your spouses gross estate upon his or her death (section. 2044).
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