Basic Definitions Flashcards

1
Q

Community Property

A

All property acquired during the course of marriage is presumed to be community property

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2
Q

Separate Property

A

All property acquired before marriage or after permanent separation is presumed to be separate property. In addition, any property acquired by gift, will, or inheritance is presumed to be SP

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3
Q

Quasi-Community Property

A

QCP is acquired by either spouse that would have been CP had the spouse been domiciled in CA at the time of acquisition.

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4
Q

Quasi-Marital Property

A

Property acquired by a couple where at least one of them has a good faith belief that they are lawfully married, but in fact they are not lawfully married; as a consequence, their acquisitions cannot be considered community property because they are not validly married, but their acquisitions are treated the same as community property for purposes of death and divorce

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