Is Ohio a community property state for debt?

Is Ohio a community property state for debt?

In a community property state, all assets and debts accumulated by a couple during their marriage are considered to be jointly owned by the couple regardless of who actually acquired them. In Ohio, however, these assets and debts, while marital property, are not necessarily community property.

Is Ohio a community property state for tax purposes?

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As FindLaw explains, Ohio is not a community property state. Instead, per Section 3105.171 of the Ohio Revised Code, we have a different way of distributing marital assets and debts when a marriage breaks up.

How is property divided in a divorce in Ohio?

In Ohio, when a couple is going through a divorce, they will need to divide their marital property. When it comes to property division, Ohio is an equitable distribution state. This means that the court will divide the couple's marital assets based on what would be fair.

What are the 9 community property states?

There are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Alaska is an opt-in community property state that gives both parties the option to make their property community property.