term1 Definition1term2 Definition2term3 Definition3
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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.
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
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
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