Definition Of Quasi Community Property

Quasi community property is property acquired during a marriage located in a state that does not recognize community property later treated by the courts of a community property state as community property and labelled quasi community property.

Definition of quasi community property. Quasi community property n. California family code 125 defines quasi community property as all real or personal property wherever situated acquired by either spouse while domiciled elsewhere which would have been community property if the spouse who acquired the property had been domiciled in this state or in exchange for real or personal property wherever situated which would have been community property if acquired in california. It is treated the same as community property. In community property states property acquired by a couple who have not been married but have lived and purchased the property as if they were married.

Home definitions quasi community property. Quasi community property is treated just like community property when one spouse dies or if the couple. Often this includes property purchased or received by a couple shortly before marriage. When a married couple moves to a community property state from a non community property state the property which the couple acquired together within and under the rules of the non community property state may be called quasi community property.