CPAdirectory

Estate Planning

What Is Community Property?

There are 9 community property states. They are AZ, CA, ID, LA, NV, NM, TX, WA, and WI. Each spouse is considered to own one half of the property acquired after marriage in a community property state. There is no right of survivorship in community property state. When one spouse dies, the other spouse does not automatically inherit the deceased spouse's share.

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