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Az Community Property HomesteadCommunity_property_azEASY

In a licensing seminar in Flagstaff, a husband tells the wife that only he may manage community property because he earns more income. Which statement is most accurate under current Arizona rules?

Correct Answer

D) Arizona gives spouses equal management and control of community property subject to statutory joinder rules

Under A.R.S. § 25-214, Arizona gives spouses equal management and control of community property subject to statutory joinder rules.

Answer Options
A
community-property management belongs to the designated broker if real estate is involved
B
the higher earner always controls community property alone
C
only the spouse on title may manage community property
D
Arizona gives spouses equal management and control of community property subject to statutory joinder rules

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Related Topics & Key Terms

Key Terms:

arizona_specificcommunity_propertymanagement_controlcommunity_property_azaz_community_property_and_homestead
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