The word “property” in Community Property is loosely used to describe real property, assets, and debts acquired during the marriage, with few exceptions, unless otherwise defined as separate property in a pre- or postnuptial agreement.
Community property includes all income, assets, real property, and debts
attained through the effort, skill, or industry of either spouse during the marriage,
acquired using community property or a combination of community and separate property, unless the value of the community property is insignificant compared to that of the separate property,
gifted to the couple,
obtained by the liquidation of community property, or
not characterized as separate property by Louisiana law.