Upon the death of a resident of a community property state, only half of the value of any assets owned as community property are included in the decedent's gross estate.

Question

Quizplus · Accepted Answer

Community property states consider assets acquired during marriage as jointly owned by both spouses, and therefore only one-half of the value of those assets are subject to inclusion in the decedent's gross estate upon their death.

Upon the Death of a Resident of a Community Property