There are various pros and cons of living in community property jurisdiction states. They include:
Pros:
Community property offers balance for a spouse who may not be financially stable
Community property also promotes the equal generation of ideas when it comes to communication, financial matters, and legal matters
It does not require the married couple to enter an agreement prior to marriage to fairly distribute joint property
Cons:
If one person acts irresponsibly, then the other spouse is partially responsible for that behavior
Some activities require transactional consent of the other partner
If one spouse is more successful than the other, then they will have to share the bounty of their success