Topic Index: Community Property

For otherwise savvy planners practicing outside the community property states – Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin, and since 1998, Alaska, under a nonmandatory “elective” regime 1 – community property is often the largest “blind spot” in their practices. Although no one seems to keep statistics about this sort of thing, [...]

When clients move from a community property state to a common law jurisdiction, it is crucial to plan for the community assets in order to preserve the “double” step-up in basis at the first spouse’s death. The community property character of assets of spouses moving from a community property state is not shed at the [...]