Property Ownership
New Mexico is a community property state. Under this doctrine, property acquired during marriage is generally:
AOwned entirely by the higher-earning spouse
BOwned equally by both spouses✓ Correct
COwned by whoever's name is on the title
DHeld in trust for the children
Explanation
In New Mexico's community property system, most property acquired during the marriage (with marital funds) is owned equally by both spouses, regardless of whose name is on the title.
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