All property acquired by either spouse during the marriage is community property — the marital property shared equally by husband and wife. The exceptions are: property acquired by gift, devise, or descent; and property acquired after service of a petition for dissolution, legal separation, or annulment when the petition results in a final decree. When a spouse commingles, or mixes, his or her separate property in with marital property, it may be transmuted into community property. Most couples will have some transmuted property to consider in their property division.
Take a moment to read about Arizona Divorce and Division of Property, an Overview.
Related posts:
- 25-211. Property Acquired During Marriage – Community Property A. 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,...
- What is separate property? The separate property of a spouse includes the real property and personal property owned by that spouse before the marriage, acquired by that spouse during the marriage by gift, devise,...
- What is equitable distribution of community property? In a divorce, there is an equal and equitable distribution of the marital property. Community property is divided equally between the spouses — they each have an undivided one-half interest....
- 25-215. Liability of Community Property; Separate Property A. The separate property of a spouse shall not be liable for the separate debts or obligations of the other spouse, absent agreement of the property owner to the contrary....
- 25-213. Separate Property A. A spouse’s real and personal property that is owned by that spouse before marriage and that is acquired by that spouse during the marriage by gift, devise or descent,...
