Taking title as community property with right of survivorship offers two advantages:
- avoiding formal probate when a spouse or partner dies, and
- easy qualification for a federal income tax break (for married couples only, not RDPs).
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btw, "RDPs" refers to registered domestic partners
-美西游子-
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11/03/2008 postreply
11:56:25
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多谢。回复:Community Property with Right of Survivorship.
-huhu88-
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11/03/2008 postreply
12:58:57
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be careful there is a difference btw both above. QQH
-美西游子-
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11/03/2008 postreply
13:09:15
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Joint Tenancy vs community property with right of survivorship
-美西游子-
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11/03/2008 postreply
13:45:58
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美西游子,谢谢你的热心回答。
-huhu88-
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11/03/2008 postreply
15:21:07
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sure. How to take title, 满有讲究。
-美西游子-
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11/03/2008 postreply
17:37:15
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does right of survivorship also receive the step-up basis?
-caliber-
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11/03/2008 postreply
15:15:00
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got the answer already, thanks anyway.
-caliber-
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11/03/2008 postreply
15:23:26