Four Basic Classifications of Marital Property in California Flashcards
1
Q
CA community property presumption
A
Presumption of CP if property is acquired by a married person during the marriage while domiciled in this state;
2
Q
separate property presumption
A
Includes property owned prior to marriage, property acquired during marriage by gift, bequest, devise, or descent
3
Q
quasi-community property
A
Applies to property that would have been CP if it had been acquired by the parties while they were married and domiciled in CA;
4
Q
quasi-marital property
A
Includes property acquired by the parties during a putative marriage that would have been CP or QCP had the marriage been valid.