What is true about traditional community property upon the death of an owner?

In the context of traditional community property, the correct answer is that it will require probate upon the death of an owner. Community property refers to a legal framework governing ownership of assets acquired during marriage, where both spouses have equal interests in the property. Upon the death of one spouse, the deceased's portion of the community property is treated as part of their estate for probate purposes. This means that the ownership interest must be formally processed through the probate court to ensure the assets are correctly transferred to heirs or beneficiaries according to the deceased's will or state laws.

The requirement for probate serves to provide a legal process to settle debts, distribute assets, and confirm rightful ownership. This is particularly crucial because community property laws can vary by state, impacting the distribution of assets. As such, this option effectively highlights the importance of the probate process in managing the transfer of property following an owner's death, especially in community property scenarios.