3. Property Division (UPC) Flashcards
How may community property be divided?
Marital property
- Equal distribution
Separate property
- Gifts to directed spouses
- Bequests to directed spouses
What is the procedure for equitable division of all property?
Equitable division
- Property acquired before/during/after marriage
What type of marital property may be equitably divided?
Uniform Probate Code (Most common approach)
Acquired during marriage
Businesses operated + owned by spouses
Spouses’ active appreciations that increase value
- Increased value => Supporting spouse
- Original value => Original spouse
Support to spouses (even if not actively involved)
Pensions earned during marriage
Compensating contributions for education/training to acquire professional licence/degree
Personal injury damages (between marriage and separation)
Stock options acquired during marriage
Mixed property
- Separate property no longer traceable
- Evidential intention as marital property (named in both spouses’ names)
What type of separate property may be equally divided?
Acquired before marriage
Acquired during marriage
- Gifts
- Bequests
- Descent
What factors may determine equitable division?
Age/Education/Background
Financial capacity
Marriage standard/duration
Present incomes
Financial sources
Health
Assets/Debts
Needs
Child custody provisions
Alimony
Contributions
Are property decrees modifiable?
No
Property awards
- Determines past division at time of divorce
- Ascertained division
Support awards
- Determines future support
- Unascertained division
Is jurisdiction required for enforcing property awards?
Yes
- To adjudicate on the merits only