Code I (Community Property) Flashcards

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1
Q

Legal Regime

A

default regime in Louisiana

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2
Q

Contractual Regime

A

through matrimonial agreement (prenuptial or other)

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3
Q

Ownership of Community Property

A

each spouse owns a present one-half undivided interest

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4
Q

Real Subrogation

A

thing forming part of the separate property or community property is converted into another thing, the mass of the property is not diminished

New thing takes place of old

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5
Q

Commingling

A

mixing of sep and comm funds does not result in ownership change UNLESS indiscriminate mingling rendering untraceable

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6
Q

Community Assets Classification Scheme

A

all property acquired during the existence of the legal regime through:

effort, skill, or industry of either spouse

acquired w/community things or w/community & sep things

donated to spouses jointly

natural and civil fruits of comm prop

damages awarded for comm prop

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7
Q

Separate Assets Classification Scheme

A

acquired prior to regime

acquired by spouse with sep and comm when comm value is inconsequential

inheritance to spouse individually or donation

damages to spouse individually

other

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8
Q

Earnings

A

through effort, skill or industry of either is comm prop

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9
Q

Fruits and revenues of separate prop

A

community unless spouse reserves as separate by recording reservation and providing spouse with copy of reservation PRIOR to filing

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10
Q

Credit Acquisitions

A

down payment consisting entirely of separate funds and title and ownership transfer to buyer IMMEDIATELY is separate property

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11
Q

Double Declaration

A

acquisition with separate funds as separate property may be controverted by other spouse unless concurred in act

If it was false (comm prop used) an alienation or encumbrance or lease of thing by ONEROUS title will not be set aside

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12
Q

Defined Contribution Plans

A

Employee spouse’s contributions during regime determine share of comm property

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13
Q

Defined benefit plan

A

Sims Formula

nonemployee’s interest in the pension is one-half of the community fraction

numerator of community fraction is portion attributable during regime and denominator is pension attributable to total service

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14
Q

Life Insurance

A

separate property of named beneficiary

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15
Q

Intellectual Property

A

revenue generated during regime = comm

outside of regime = separate

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16
Q

Goodwill of Business

A

reputation, patronage, intangibles

community except to extend it is attributable to personal quality of spouse

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17
Q

Alienation of Comm Prop

A

concurrence is required for alienation, encumbrance, or lease of community immovables

standing, cut or fallen timber; furniture or furnishing located in family home; all or sub all assets of community enterprise; and movables issued or registered in both names

18
Q

Donation of Comm Prop

A

to third party required concurrence of the spouses

usual or customary gift in economic position of spouse at time of donation is OKAY

19
Q

Ratification

A

spouse may ratify alienation, encumbrance, or lease by other spouse when not expressly renounced the right to concur

20
Q

Renunciation of right to concur

A

spouse may expressly renounce right to concur or participate in mgmt of comm prop enterprise

may be irrevocable for 3 years

21
Q

Judicial Authorization to Act

A

act without concurrence of other upon showing action is in best interest of family, spouse arbitrarily refuses to concur, or incapacity or absence of other spouse

22
Q

Exclusive right to Manage by sole spouse

A

alienation of movable of business (sole manager)

Registered movables (registered in name)

Mgmt and dispostion of partnership or LLC interest

Contractual Rights

23
Q

Termination of Legal Regime

A
  1. death of spouse
  2. declaration of nullity of marriage
  3. matrimonial agreement
  4. divorce of spouse
  5. judgment of separation of property
24
Q

Separate Prop used for other Spouses Separate Property

A

spouse whose property was used is entitled to reimbursement

constructions permanently attached to land of spouse belong to owner of ground

25
Q

Separate Property Used for Community

A

satisfy comm obligation or comm benefit spouse entitled to reimbursement for 1/2 the amount

26
Q

Reimbursement Rules For Family Home

A

community funds used to repay purchase loan of spouses separate prop limit reimbursement to 1/2 funds to reduce principal INTEREST is not reimbursed

27
Q

Comm Prop used for Sep Prop

A

spouse entitled to reimbursement for 1/2 value

28
Q

Uncompensated Comm Labor Expended on Separate Prop

A

entitled to 1/2 increase in value

LOOK are there things outside labor that caused increase

29
Q

Voluntary Partition

A

whole or in part changes classification of things they partition does not change matrimonial regime

30
Q

Judicial Partition

A

AFTER termination of regime if spouses cant agree on the partition may demand judicial partition

31
Q

Judicial Partition Procedure

A
  1. court classify all assets and obligations
  2. spouses file sworn list of community assets and obligations w/in 45 days of service
  3. 60 days to agree or disagree with list
  4. at trial court values assets and allocates
  5. if unequal judge awards equalizing payment
32
Q

Separate Obligations

A

acquired prior to regime OR during but neither for common interest or interest of other spouse

33
Q

Creditor’s rights DURING regime

A

separate or comm obligation may be satisfied from comm and separate property of spouse who incurred obligation

if comm prop used other may have claim for reimbursement

34
Q

Creditor’s Rights After Termination of Regime

A

obligation incurred by a spouse during or before regime may be satisfied by former comm and from separate prop of spouse who incurred obligation

35
Q

Revocatory Action by Creditor (partition)

A

creditor may bring action to annul voluntary partition of it causes or increases spouse-obligor’s insolvency

36
Q

Form Requirement of Matrimonial Agreement

A

authentic act or private signature duly acknowledged BEFORE marriage freely AFTER marriage w/ court approval

37
Q

Limits on Matrimonial Agreement

A
  1. renounce or alter marital portion
  2. renounce or alter established order of succession
  3. limit 3ps right that one spouse alone has under to obligate community or alienate, encumber, or lease comm prop
38
Q

Grounds for Judgment of Separation of Property

A
  1. mismanaging spouse (fraud, neglect, incompetence)
  2. Absent person spouse
  3. Divorcing spouse (separate and apart 30 days after filing)
  4. physically separated spouses (6 months)
39
Q

Reconciliation Affect on Separate Prop

A

filing petition for divorce or 6 months apart reconciliation reinstates comm prop retroactively

40
Q

Marital Portion

A

spouse dies rich in comparison (5:1 or more) surviving spouse entitled to claim

  1. no children = 1/4
  2. three or fewer = 1/4 usufruct for life
  3. 4 or more = usufruct of child’s share for life

never exceed $1m

legacy and payments due as a result of death (life insurance, SS, pension) are deduction from marital portion