Please explain the Nevada Community Property Law
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Answer:
Nevada is a "community property" state in which the court will divide all property of the marriage equally, unless the court finds a compelling reason to not do so. The property laws look at property purchased during a marriage as community property and both husband and wife have an equal right to possess the property during their marriage.With community property, neither spouse may sell his or her own share. To transfer the property to someone else, both husband and wife must sign the deed.
Each spouse may transfer his or her separate property, and the other need not sign the deed. However, as a matter of practice, title insurance companies and others prefer the signature of both spouses to eliminate any question as to whether the property is actually separate property or community property.
It is possible for property transferred through a bargain and sale deed to be subject to claims of another, as such deeds don't contain guaranteees that the property has no liens or claims against it.