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3 Cards in this Set
- Front
- Back
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Community property |
Currently recognized by some states is property acquired during marriage that is not separate property and requires agreement of both spouses to be conveyed. |
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Separate property |
Property owned by one spouse before marriage, or acquired by one spouse during marriage by gift, inheritance, or with the proceeds of separate property |
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Trust |
A legal arrangement in which property is te transferred by the trustor. The person creating the trust, To a trustee yo be held for The identified benegiciary |
