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What is the most dependable service to obtain the Arizona Community Property Agreement Form and other up-to-date versions of legal documents.
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In Arizona, your surviving spouse will automatically inherit your half of the community property if you have no descendants or if you have descendants -- children, grandchildren, or great grandchildren resulting only from your relationship with your surviving spouse.
Arizona is one of nine community property states in the U.S.Arizona's divorce and family law statutes, which are contained in Title 25 of the Arizona Revised Statutes, generally describes community property as all property acquired by either spouse during the marriage except such property that is specifically defined
Upon the death of one spouse, every asset that is community property is divided in half. One half of the property is retained by the surviving spouse and the other half is passed down to the heirs of the deceased spouse, either by will or trust or by intestacy.
Arizona is a community property state, which means that all property acquired by either spouse during the marriage is considered to be jointly owned. Upon a divorce, it will be divided approximately equally.
In 1995, the Arizona legislature made the disadvantage to community property disappear they created a concept of community property with right of survivorship. That means a married couple can have it all: they can get the full stepped-up basis for income tax purposes, but avoid probate, on the first spouse's death.