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).
Phoenix Arizona Community Property Deed
Category:
State:
Arizona
City:
Phoenix
Control #:
AZ-REAL-26
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Selling Marital Property This means neither spouse can sell a marital asset during a divorce unless he or she has permission from the court. Most divorcing couples want to know who gets the marital home during a divorce.
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. 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.
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.
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.
Arizona is a community property state and community property law controls the division of all assets of your marital estate.
Section 25-213 additionally states that the following are considered separate property of each spouse, not community property: A spouse's real and personal property owned before marriage.
What is not considered community property in Arizona? Property acquired prior to marriage or by gift or inheritance during a marriage is not community property in Arizona.
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.