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Investopedia explains 'Common Law Property'
Under the common law property system, if a married woman purchases a car and puts only her name on the title, that car belongs exclusively to her. If the woman lived in a community property state, however, the car would automatically become the property of both the woman and her husband.
For a married couple living together in harmony, the technical details of ownership may seem trivial. However, the details can become very important during divorce or upon death.
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