Definition
State where assets earned during a marriage are deemed to be the joint property of the married couple
Community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Puerto Rico, Texas, Washington and Wisconsin ,
The marital property state is Wisconsin
Referring Cite
State law, IRM, IRS Publication 555
Additional Helpful Information
- An IRA owner who resides in a community property state may need the written consent of his/her spouse, in order to name anyone –other than the souse- as a primary beneficiary of the IRA
- Alaska is usually treated as a community property state, if the couple so elects.
