Community Property is the name for property in Arizona that a husband and wife acquire during marriage. Community property is generally owned by both spouses, unless they specifically agree differently. When either spouse dies, the surviving spouse owns the community property of both spouses. See Pensions and Retirement Funds and "Title to Property"
Source: Superior Court of Arizona, Maricopa County
Community property is everything that a husband and wife or registered domestic partners OWN TOGETHER. In most cases that includes:
(1) Money or benefits like pensions and stock options that you now have which either of you earned during the time you were living together as husband and wife or as registered domestic partners; and
(2) Anything either of you bought with money earned during that period.
Source: California Courts.