Final Flashcards
Steps to Dissolution
1) Identity
2) Characterize
3) Value
4) Divide
CP Definition
Property acquired during marriage, prior to separation, other than property acquired by gift, bequest, or devise
SP Defintion
Property owned before marriage, property acquired by gift, bequest, or devise, and rents, issues, and profits from such property
Post-Separation Earnings
The earnings and accumulations of a spouse while living separate and apart are the SP of the spouse
Living Separate and Apart
Manfer - must have subjective intent and conduct evincing a complete and final break in the marital relationship
Davis- have to be physically living in separate residences
Community Expenses
Non-statutory presumption that community expenses are paid from community funds
Total Recapitulation
Indirect tracing method that shows there were not community funds available at the time of a purchase, so it must have been made with separate funds
CP Presumption
All property acquired in joint form during the marriage is presumed to be CP for the purpose of dissolution of marriage or legal separation of the parties (NOT death of a party)
Essence of Partnership
Combined effort to produce a community, so the products of that community should be shared equally
Marriage of Bonds
One party’s lack of counsel is not an automatic fail on enforceability of pre-marital agreement
Legislative Reaction to Bonds
- Every provision about spousal support is unenforceable if the party does not have independent counsel OR if it is unconscionable at the time of enforcement
- Invalid if unrepresented party had less than 7 days from presentation to signing
- Presumption of involuntariness if party doesn’t have independent counsel OR was advised of the right but failed to waive it in a separate writing
Challenges to Pre-nups
1) Voluntariness
2) Lack of knowledge of assets of other party
3) Unconscionability
Presumption of Undue Influence
There is a presumption of undue influence and coercion where, as a result of an interspousal transaction, one spouse gains an unfair advantage over the other
§852
A transmutation is not valid unless made in writing by an express declaration by the adversely-affected spouse
Does NOT apply to tangible gifts of a personal nature that are not substantial in value under the circumstances of the marriage
Express Declaration Guideposts
- Must evidence a clear and unambiguous intent to transfer an interest, independent of extrinsic evidence
- Where 2 presumptions conflict, the more specific prevails
Transmutation Issues
1) §852 Compliance
2) Presumption of undue influence
3) Violation of fiduciary duties
Deed Presumption
Upon death, there is a rebuttable presumption that property is held as it is listed in the deed
§2460 Reimbursement
SP contributions to the acquisition of or improvements to CP are reimbursable, without interest, unless there has been a waiver in writing
Includes down payments, payments to reduce the principle, or payment for improvement that increase the value of property
Void Marriages
- Incest
- Bigamy
Voidable Marriages
Fraud
Quasi-Marital Property
- Treated the same as CP
- Requires good faith belief that you were married