|
Community and Marital Property
Generally, the community property or marital property system
divides all property acquired during the marriage equally
between the spouses.
However, the community property laws of each state following the
system are different and the value of the estate that is
considered community property will also vary.
The states which currently have some form of community property
law are Alaska, New Mexico, California, Idaho, Louisiana,
Nevada, New Mexico, Texas, Washington, and Wisconsin.
Not all of these states'
Intestacy Calculators™ include community
or marital property divisions, due to the simplicity of most
divisions. Such as Arizona, in which the spouse either receives
all community property or one-half of the community, depending
upon whether he or she is the parent of all the deceased
spouse's children.
See:
Community Property vs. Separate Property
|