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2. Internal Revenue Code section 1041 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Where there is a transfer of property between spouses or a transfer incident to divorce, §1041(b) states that the property will be treated as if the person who receives the property (the transferee) has acquired it by gift. The transferee's basis in the property shall be the adjusted basis of the transferor at the time of the transfer.

3. Quitclaim - Wikipedia

   en.wikipedia.org/wiki/Quitclaim

   For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.

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. Concurrent estate - Wikipedia

   en.wikipedia.org/wiki/Concurrent_estate

   This form of ownership is common between spouses, parent and child, and in any other situation where parties want ownership to pass immediately and automatically to the survivor. For bank and brokerage accounts held in this fashion, the acronym JTWROS is commonly appended to the account name as evidence of the owners' intent.

6. 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]

7. Kentucky should allow Transfer on Death Deeds. It saves ... - AOL

   www.aol.com/kentucky-allow-transfer-death-deeds...

   Transfer on death deeds have become increasingly popular in recent years because they provide certainty about what will happen to property while avoiding the time and expense of the probate process.