Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

Arizona high court rules on community-property issue

PHOENIX -- An Arizona Supreme Court ruling said a married person has some flexibility in deciding how to divvy up a retirement account that's his or her marriage's community property.

According to the court, a spouse who dies can leave more than one-half of a retirement account to a beneficiary other than his or her spouse even if the retirement account is community property.

The unanimous ruling said that can be done as long as the surviving spouse receives at least one-half of the value of the total community property.

The court issued its ruling Friday in a Pima County case in which a man listed his son from a previous marriage as the beneficiary of 83 percent of an individual retirement account.

The account was community property in his current marriage.

CenturyLink Give-A-Thon for PCH Give-A-Thon for PCH

World Class Arizona

  • Dignity Health World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

About the Author


Comments

comments powered by Disqus
Latest News