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  2. Community property in the United States - Wikipedia

    en.wikipedia.org/wiki/Community_property_in_the...

    All other property acquired during the marriage is treated as community property and is subject to division between the spouses in the event of divorce. The United States has nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. [1]

  3. Transmutation agreement - Wikipedia

    en.wikipedia.org/wiki/Transmutation_agreement

    The more important tax aspect of a transmutation agreement is the effect that it has on basis step-up (or step-down) at death. If the spouses had held the property separately in joint tenancy with a right of survivorship, the surviving spouse would automatically receive his or her half of the property by operation of law through the original ...

  4. Community property - Wikipedia

    en.wikipedia.org/wiki/Community_property

    Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...

  5. How Survivorship Periods Work - AOL

    www.aol.com/news/survivorship-periods-202044454.html

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  6. What Is a Morality Clause in Divorce? - AOL

    www.aol.com/news/morality-clause-divorce...

    A morality clause in a divorce agreement is a provision that spells out what each party can or cannot do in the presence of their children. The purpose of a morality clause is to regulate behavior ...

  7. Concurrent estate - Wikipedia

    en.wikipedia.org/wiki/Concurrent_estate

    A joint tenancy or joint tenancy with right of survivorship (JTWROS) is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. The deceased owner's interest in the ...

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