QUESTION

Is my state a community property state?

Asked on Jan 05th, 2014 on Estate Planning - North Carolina
More details to this question:
Is North Carolina a community property state?
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1 ANSWER

No. There are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. However, North Carolina can be a quasi-community property state for estate purposes. If the spouses lived in a community property state listed above and sold the community property and bought it in NC and then one spouse died, the laws here would treat any property acquired with community assets as community property. For divorce purposes though North Carolina is an equitable distribution state. Why are you asking?
Answered on Jan 08th, 2014 at 11:11 PM

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