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Question: I am writng to gain a better understanding of the community property law in Arizona. What does this law mean? My parents have property in Yuma and due to financial difficulty my sister & I are talking about purchasing the property from the to have more income at thier disposal. If we purchase this land together what does the community property law mean to us?

Answer:

Community property is discussed under A.R.S. §  25-211, titled, "Property acquired during marriage as community property; exceptions."

 This statute states, "All property acquired by either husband or wife during the marriage is the community property of the husband and wife except for property that is

(1) Acquired by gift, devise or descent or 

(2) Acquired after service of a petition for dissolution of marriage, legal separation or annulment if the petition results in a decree of dissolution of marriage, legal separation or annulment.

 

QUESTIONS

  • I am writng to gain a better understanding of the community property law in Arizona. What does this law mean? My parents have property in Yuma and due to financial difficulty my sister & I are talking about purchasing the property from the to have more income at thier disposal. If we purchase this land together what does the community property law mean to us?

STORIES

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