Community Property Flashcards
Opening Presumption - Classify Relationship
California is a community property state. Property acquired during the marriage is presumed community property. All property acquired before marriage or during permanent separation is separate property. In addition, gifts, devise, or bequests during the marriage are separate property. When couples who are not domiciled in California acquire property in a non-community property state and then later relocate to California, such Property is treated as quasi-community property if it would have been CP had the couple been domiciled in CA at the time of the acquisition.
Valid California Marriage
CA community property law applies when the parties
- Have a legal marriage, and
- Are domiciled in CA.
Out of State Marriage
The state of CA recognizes marriages that are validly made in other states or foreign jurisdictions, as long as the marriage would be recognized in that jx.
Putative Marriage
A putative marriage is an apparently valid marriage, entered into good faith on the part of at least one of the partners, but that is legally invalid due to a technical impediment, such a preexistent marriage on the part of one of the partners.
Meretricious Marriage
Property is governed solely by the agreement of the unmarried parties. Here, two persons are not holding themselves out as a married couple, but their cohabitation is more than a roommate agreement.
Separate Property - Classify Individual Property
Any property acquired before marriage or acquired during marriage by gift or inheritance is separate property. Separate property is confirmed to the owner at divorce.
Community Property
Begins at marriage and ends 1. upon divorce 2. either spouse dies, or 3. permanent physical separation with no intent to continue the marriage.
Quasi-Community Property
Is the property that was acquired in another state that would be considered community property if it were acquired in CA.
Quasi-Marital Property
Refers to property and assets acquired by a void or voidable marriage in which one or more of the parties had a good faith belief that the marriage was legitimate.
Quasi-Marital Property
Refers to property and assets acquired by a void or voidable marriage in which one or more of the parties had a good faith belief that the marriage was legitimate.
Pensions
If a pension is earned during the marriage, then it is CP. Can be paid as received or cashed out is computed by taking the number of years required to vest, and proportionally diving the net into CP. As such, if it takes 20 years to vest, and marriage was for 10 years during the vesting period, the community property is 50%. Since community property is 50/50, the other spouse gets 25%.
Personal Injury Awards
If the cause of action arose during the marriage, personal injury awards and settlements are CP. At divorce, they are assigned entirely to the injured spouse, unless. 1. Funds were commingled; b. or there is economic hardship to the other spouse. If the other spouse is the tortfeasor, the award is the separate property of the injured spouse.
Education
Professional degrees acquired during the marriage are the SP of the acquiring spouse. However, reimbursement is due 1. CP funds are used to pay tuition, and 2. The education enhanced the spouse’s earning capacity. A spouse does not need to reimburse if 1. the community substantially benefited from the education 10-year rule 2. the other spouse received community-funded education; or 3. The education lessens the need for spousal support.
Community Property with Right of Survivorship
Under a community property system such as in CA, when the first spouse dies, the entire property automatically transfers to the survivor. The property does not need to go through the probate process in order to be transferred to the survivor.
Conduct of Parties: SIP That Good Cognac
Separation