Property Ownership
Which of the following is a characteristic of Louisiana's community property regime?
AEach spouse owns separate equal shares that can be willed independently at any time
BProperty acquired during the marriage by either spouse is owned equally by both spouses✓ Correct
COnly the husband manages community property
DCommunity property applies only to real estate, not personal property
Explanation
Under Louisiana's community property regime, property acquired during the marriage (by either spouse from their earnings) is owned equally (50/50) by both spouses, regardless of whose name is on the title.
Related Louisiana Property Ownership Questions
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