Tag Archives: community property
How Community Property Laws Impact Will and Trust Planning
Arizona is a community property state, and as a result, married couples face unique rules when it comes to the ownership and inheritance of property. State residents are often uncertain about what this property legal status actually means and how it affects their estate planning. Understanding these rules is important to ensuring your wishes are […]
How Community Property Is Distributed in Estate Probate
In Arizona, property acquired by either spouse during a marriage is presumed to belong to both spouses equally. This “community property” doctrine can affect not only how assets are divided during a divorce but also how they are distributed upon the death of one of the spouses. Assets that are considered separate property are not […]
How Does Arizona’s Community Property Law Affect Your Estate Planning?
People make wills with the intent of controlling who will be beneficiaries of their estates and how much each beneficiary will receive. However, there are state laws that can take precedence over certain provisions of a will. Arizona’s community property law in particular can have a major impact on how estate assets are distributed. Understanding […]
