This form is a Warranty Deed where the grantors convert community property to a joint tenancy holding.
Alaska Community Property Agreement Form
Category:
State:
Alaska
Control #:
AK-SDEED-3
Format:
Word;
PDF;
Rich Text
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Description
Free preview legal description of property example
How to fill out Alaska Community Property Agreement Form?
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FAQ
Marital property/debt will be divided between you and your spouse as part of the divorce; separate property/debt will not be divided. The general rule is that marital property and debt is any property or debt acquired during the marriage for the benefit of the marriage.
California, Nevada and Washington also include domestic partnerships under community property law. Though not a community property state, Alaska does have an opt-in community property law. That means spouses can divide their property by community property agreement standards, but they don't have to.
Alaska divides marital assets under community property law, which means that property and assets acquired during a marriage are jointly owned by both spouses, regardless of who purchased it or whose name is on the title. In most cases, community property will be divided 50/50 between the spouses.
Marital Property and Community Property States Marital property in community property states are owned by both spouses equally (50/50). This marital property includes earnings, all property bought with those earnings, and all debts accrued during the marriage.
Alaska provides for "fault-based" and "no-fault" divorce. In a fault-based divorce, one spouse accuses the other of misconduct. In a no-fault divorce, neither spouse blames the other for the failure of the marriage. Under Alaska divorce laws, adultery is one of the acceptable grounds (reasons) for divorce.
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At divorce, community property is generally divided equally between the spouses, while each spouse keeps his or her separate property. Tennessee law also allows spouses to form community property trusts to create a community property relationship.(a) Marital property agreements and unilateral statements .