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You Live In Or The Property Pledged As Collateral Is Located In A Community Property State (AK, AZ
Get You Live In Or The Property Pledged As Collateral Is Located In A Community Property State (AK, AZ
Obtain any change in the required information since it was printed, write to us at the address stated on this Application. Check below to indicate the type of credit for which you are applying. Married Applicants may apply for a separate account. Individual Credit: You must complete the Applicant section about yourself and the Other section about your spouse if: 1. you live in or the property pledged as collateral is located in a community property state (AK, AZ, CA, ID, LA, NM, NV, TX, WA, WI);.
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Az FAQ
Property acquired before marriage by one spouse is presumed to be the separate property of that spouse. On the other hand, property received during marriage is presumed to be community property of both spouses, unless it was acquired by gift, devise or descent (an inheritance) by one spouse.
(ARS § 25-211). A party challenging that presumption has the burden of rebutting (overcoming) the presumption. The presumption of community property, can, in part, be overcome if the challenging party can prove by clear and convincing evidence that the property at issue was acquired as a gift.
Under Arizona's community property law, a spouse may not force their other spouse to vacate a marital home acquired by either spouse or both spouses during the marriage. As community property, the house belongs to both spouses.
Arizona law defines separate property as property that is acquired prior to marriage, or received as a gift from a third party, or received by inheritance. This also includes gains on such property (such as rent, interest, etc.).
The general concept of a community property system is that all assets acquired by a married couple during the marriage are presumed to be owned equally upon divorce. Of course, this is subject to many exceptions and nuances.
Arizona law defines separate property as property that is acquired prior to marriage, or received as a gift from a third party, or received by inheritance. This also includes gains on such property (such as rent, interest, etc.).
A. All property acquired by either husband or wife during the marriage is the community property of the husband and wife except for property that is: 1. Acquired by gift, devise or descent.
(ARS § 25-211). A party challenging that presumption has the burden of rebutting (overcoming) the presumption. The presumption of community property, can, in part, be overcome if the challenging party can prove by clear and convincing evidence that the property at issue was acquired as a gift.
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