CPWRS
(redirected from Community Property with Right of Survivorship)| Acronym | Definition |
|---|---|
| CPWRS | Community Property with Right of Survivorship |
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References in periodicals archive
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Like so many things, community property with right of survivorship is another tool in the tool box that estate planning attorneys have at their disposal.
In those states that allow community property with right of survivorship, the benefits of joint tenancy and community property are combined.
Beginning July 1, married couples can hold title to property as community property with right of survivorship. The California Legislature enacted this law to allow married couples to transfer their community property to the survivor without the need for probate, while at the same time giving the surviving spouse a full step-up in basis in the property.
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