This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Community Property - Deed - Arizona, can be used in the transfer process or related task. Adapt the language to fit your circumstances. Available for download now in standard format(s).
Mesa Arizona Community Property Deed
Category:
State:
Arizona
City:
Mesa
Control #:
AZ-REAL-26
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
Under Arizona's community property laws, all assets and debts a couple acquires during marriage belong equally to both spouses. Unlike some community property states, Arizona does not require the division of marital property in divorce to be exactly equal, but it must be fair and will usually be approximately equal.
In Arizona, married couples must reject community property and specifically take title as tenants in common. Each owner has a distinct and proportionate interest without the right of survivorship.
In Arizona, if you are married, and you die without a valid Will, your surviving spouse will inherit your one-half of the community property and all of your separate property if you have no children or if you have children only from your current marriage.
Like joint tenancy, community property with the right of survivorship also grants the surviving spouse full ownership of the property. Arizona is one of only five states that have community property with the right of survivorship laws.
Arizona is a community property state.
Arizona law recognizes four types of legal title to real property when it is owned by two or more persons: Tenants in Common, Joint Tenancy with Right of Survivorship, Community Property, and Community Property with Right of Survivorship.
Arizona is a community property state. Community property generally means that spouses equally share ownership of anything purchased, acquired, or paid for during the marriage no matter who uses the property, who paid for the property, or whose name is on the title to the property.
Under Hindu law, a wife gets an equal share of the assets of the deceased husband divided between other Class I heirs, the children and mother. This applies only if the man dies intestate. If there are no children and other claimants, the wife is entitled to the total property.
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.
More info
Can My Spouse Force Me to Move Out of the Family Home? We are Getting Divorced.For Arizona the primary methods for holding title in co-ownership are tenancy in common, joint tenancy, and community property. And two legal options a spouse has to potentially recover up to half of the value of the house. Community Property vs. 00 for each complete document. Hire an Arizona property division lawyer to help you preserve your ownership rights as seamlessly as possible. This is the official page of the Mesa Arizona Police Department. Is Arizona Considered a Community Property State? For the consideration of Ten-Dollars, and other valuable considerations,.
Here you will find all the answers to all your real estate questions such as, “What is the legal status of a Co-Owner and its responsibilities?” “What is a Community Property?” “Who owns where on my property?” Where are we in Arizona real property law?” “What is Community Property, and how does it work?” All these and many more questions are answered here. Our “Phoenix Family Real Estate Law & Landlord” is written for Phoenix and Tucson area residents. You might also enjoy our Arizona personal injury, divorce, business, real estate, and criminal attorney directory. We recommend you take a look around our Phoenix real estate directory. Just click on the Phoenix area section to access our complete Phoenix and Tucson directories with information on all the services that we offer. Click a directory link to visit that directory's article page and review the article and contact information.
Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.
Here you will find all the answers to all your real estate questions such as, “What is the legal status of a Co-Owner and its responsibilities?” “What is a Community Property?” “Who owns where on my property?” Where are we in Arizona real property law?” “What is Community Property, and how does it work?” All these and many more questions are answered here. Our “Phoenix Family Real Estate Law & Landlord” is written for Phoenix and Tucson area residents. You might also enjoy our Arizona personal injury, divorce, business, real estate, and criminal attorney directory. We recommend you take a look around our Phoenix real estate directory. Just click on the Phoenix area section to access our complete Phoenix and Tucson directories with information on all the services that we offer. Click a directory link to visit that directory's article page and review the article and contact information.
Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.