There's an IRA Trap In Community Property States

Community property (CP), a 50-50 form of marital property ownership, is the law in nine states and is available by election in one.1 About 30 percent of the U.S. population calls these states home, according to recent U.S. Census Bureau estimates. But dividing marital estates along CP lines could become an issue anywhere if the couple ever resided in a CP state. (See Danger Zone, p. 35.) Clearly,

Michael J. Jones | Nov 01, 2007

Community property (CP), a 50-50 form of marital property ownership, is the law in nine states and is available by election in one.¹ About 30 percent of the U.S. population calls these states home, according to recent U.S. Census Bureau estimates. But dividing marital estates along CP lines could become an issue anywhere if the couple ever resided in a CP state. (See “Danger Zone,” p. 35.)

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