Johnny Barron Attorney at Law

Community Property

Community Property Attorney in Lafayette, La

Community property refers to a U.S. state-level legal distinction that designates a married individual’s assets. Under community property, spouses own (and owe) everything equally, regardless of who earns or spends the income. Community property is also known as marital property.

Examples of community property may include: 

  • Wages earned by either spouse during the marriage
  • Home and furniture purchased during the marriage with marital earnings
  • Interest income earned by business investments and operations.