Lesson 8 Flashcards

1
Q

Election

A

A surviving spouse may sometimes be forced to choose between taking under the will of the deceased spouse or choosing to asserts his or her community property rights in the estate.

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2
Q

Aggregate Theory

A

Upon divorce, each spouse is ultimately entitled to one-half of the value of all community property rather than a one-half share in a specific asset characterized as community property.

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3
Q

Distribution of Quasi-Community Property

A

At dissolution or divorce all quasi-community property is
treated as community property. If a non-owner spouse dies, out of state real property is the separate
property of the owner spouse; if the owner spouse dies the non-owner spouse gets a one-half share of the
property. Any quasi-community property which is personal property or California real property is
community property.

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