Legal Question in Real Estate Law in Arizona

Taking Title

What is the difference between Community Property with right of survivorship and joint tenancy with right of survivorship?


Asked on 3/10/09, 3:20 pm

1 Answer from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

Re: Taking Title

Any two people can take title to property as joint tenants with right of survivorship, only a married couple can take title as CPWROS. With CPWROS, upon the death of the first spouse, the survivor gets a stepped up basis on the value of the whole property (a great benefit with regard to taxes due on the sale of the property by the survivor).

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Answered on 3/10/09, 3:24 pm


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