The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/ptheland-im-pretty-sure-hawaii-is-not-a-30858190.aspx

Subject:  Re: Hawaiian rental housing market Date:  9/5/2013  7:15 PM
Author:  JAFO31 Number:  126197 of 127697

ptheland: I'm pretty sure Hawaii is not a community property state, so any property that she owned jointly with her late husband will get 1/2 of the property stepped up to current FMV.,/i>

"In the United States there are nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. While not a community property state, Alaska does allow couples to opt into a community property arrangement; property is separate property unless both parties agree to make it community property through a community property agreement or a community property trust.[9] The territory of Puerto Rico allows property to be owned as community property also as do several Indian jurisdictions. In the case of Puerto Rico, the island had been under community property law since its inception to the Spanish Crown upon its discovery in 1493."

http://en.wikipedia.org/wiki/Community_property

Regards, JAFO

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us