Current through the 2024 Budget Session
Section 2-7-721 - Application of act(a) This act applies to the disposition at death of the following property acquired by a married person: (i) All personal property, wherever situated which was acquired as or became, and remained, community property under the laws of another jurisdiction, and: (A) All or the proportionate part of any property acquired with the rents, issues or income of, or the proceeds from, or in exchange for, that community property; or (B) Any property otherwise traceable to that community property. (ii) All or the proportionate part of any real property situated in this state which was acquired with the rents, issues or income of, the proceeds from, or in exchange for, property acquired as or which became, and remained, community property under the laws of another jurisdiction, or property traceable to that community property.