3. Property Division (UPC) Flashcards

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1
Q

How may community property be divided?

A

Marital property
- Equal distribution

Separate property

  • Gifts to directed spouses
  • Bequests to directed spouses
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2
Q

What is the procedure for equitable division of all property?

A

Equitable division

- Property acquired before/during/after marriage

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3
Q

What type of marital property may be equitably divided?

A

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)
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4
Q

What type of separate property may be equally divided?

A

Acquired before marriage

Acquired during marriage

  • Gifts
  • Bequests
  • Descent
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5
Q

What factors may determine equitable division?

A

Age/Education/Background

Financial capacity

Marriage standard/duration

Present incomes

Financial sources

Health

Assets/Debts

Needs

Child custody provisions

Alimony

Contributions

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6
Q

Are property decrees modifiable?

A

No

Property awards

  • Determines past division at time of divorce
  • Ascertained division

Support awards

  • Determines future support
  • Unascertained division
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7
Q

Is jurisdiction required for enforcing property awards?

A

Yes

- To adjudicate on the merits only

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