Definitions and Source Issues Flashcards

1
Q

Separate Property

A

All property and debts acquired before marriage, after permanent separation, by gift, or by inheritance. And all rents, income, and profits that derive from these sources.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Community Property

A

All property and debts acquired during marriage are presumed community property unless excepted.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Quasi-CP

A

Property (wherever situated) acquired by a married couple in another jurisdiction that would have been CP if acquiring spouse was domiciled in California.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Quasi-CP remains SP of acquiring spouse except:

A
  • Death of acquiring spouse
  • Dissolution
  • Action by Creditors

Note: If non-acquiring spouse dies first, remains SP

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Quasi Marital Property

A

Property acquired during a void or voidable marriage, which would have been CP or QCP if marriage not void or voidable.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Putative Marriage (for QMP)

A

One (or both) spouse(s) has a good-faith belief in the existence of the marriage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Quasi Marital Property - GR

A

Upon dissolution of putative marriage, court will treat QMP as CP or QCP. But note: unsettled law whether bad-faith spouse can invoke the doctrine to claim property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Professional Degree

A

A professional degree or license remains the SP of the acquiring spouse.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Professional Degree - CP entitled to:

A

Reimbursement PLUS interest for educational expenses (e.g. tuition, books, but NOT living expenses) IF the education substantially enhances the earning capacity of the acquiring spouse, UNLESS:

  1. The community has substantially benefited (10 year rule - presumed benefited)
  2. Education expenses offset by education/training expenses of other spouse; OR
  3. Education substantially reduces need for support that otherwise would be required
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Professional Degree - Loan

A

Any loan incurred during the marriage for educational expenses is assigned to the educated spouse at dissolution as a SP debt.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Life Insurance

A
  • Last payment controls; so if SP funds used, then policy is SP
  • SP and CP get pro rata share if policy accrues
  • If CP, spouse would get 1/2 of what goes to beneficiary
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Child/spousal support

A
  • Obligations that are not the result of the marriage, regardless of when ordered, are SP
  • CP liable during the marriage, but can get reimbursement at dissolution if debtor had SP funds at time payments were made
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Disability

A

Treat it according to what it replaces - if it replaces SP, then it is SP

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Debts acquired during marriage

A

Presumed CP unless intent of lender was to hold SP liable (always raise this issue when either spouse borrows)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Recovery from Third-Party Tortfeasor

A

CP as long as date of accident was during marriage; but may be awarded entirely to injured spouse at dissolution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Pensions

A

Time Rule:

years employed or years asset held during marriage divided by total years employed or held asset

17
Q

QMP - Bigamy, at divorce:

A
  • Legal spouse gets 1/2 CP and has an interest in all of the spouse’s QMP acquired during the marriage - court discretion
  • Putative spouse gets 1/2 of QMP
18
Q

QMP - Bigamy, at death:

A

-By devise if common spouse leaves a will, can devise:
1/2 CP
1/2 QMP

-Intestate:
All CP to legal spouse
All QMP to putative spouse