Arizona is one of eight U.S. states that considers any property acquired during a marriage, except by gift or inheritance, to be community property. This means that almost all property acquired by either spouse during a marriage is supposed to be divided between the parties in the case of a divorce. Examples of community property in the state of Arizona, according to the Maricopa County Superior Court, include real estate, home furnishings, vehicles, bank accounts, investment accounts, credit card debts, student loans, car payments, and some retirement plans.
While the state of California views community property as being split 50/50, most states that have community property distribute it based on equitable distribution. Equitable distribution is the division of marital property that is just, valid, and equitable. Courts take each spouse's contribution to the acquisition and preservation of the property.