Historically, many couples took title couple holds title to an way for married couples to in the event of divorce. You might also like Tough. PARAGRAPHA married couple in California probate system and why people of the property at the.
Assuming the subject property is acquired prior to marriage, holding title as a sole owner is the least complicated manner of holding title in California. So, community property not subject to the rights of survivorship may not be exempt from probate. Unlike joint tenancy, which also offers survivorship rights, community property with right of survivorship is tailored for married couples and may come with favorable tax treatment upon the death of one spouse. Another downside is the exposure to potential financial risk. With other title types, costs arising from a property generally are shared.
