Pg 3 Flashcards
What is the three-step approach that you use to characterize different types of property or assets?
Source, actions, presumptions
What is involved in characterizing the property based on its source or how it came into the marriage?
Looking at the time and manner of acquisition as well as tracing
Why is it important to consider the time and manner of acquisition for a source of property?
Because property that was acquired during the marriage is usually CP and property acquired before or after the marriage by gift or devise is usually SP
What is required in order for there to be separation?
- sep houses: spouses must live separately and apart with no present intention to resume marital relations (must have separate residences)
– intent: the court will look at the spouse’s conduct to show a complete and final break in the marital relationship. There must be intent by at least one spouse to end the marital relationship
What are things that end a marriage?
Death, separation, divorce
If a couple stays living at the same address, can they still be separated?
No, they must live in separate residences
How do you show that there is a subjective intent to end the marriage to prove separation?
This is objectively shown by words or conduct to indicate a final break to the relationship
What is the factual inquiry that the court will do to figure out a party’s intent to end a marriage?
They will look at the parties’ conduct to show their intention and they will consider all facts of the relationship to figure out when the separation actually occurred
What are the two things that are required for separation?
– separate residences where the couple is living separate and apart
– intent by at least one spouse to end the marital relationship
When a marriage ends, what also ends?
The economic community.
What happens to earnings or accumulations of a spouse that are gotten while living separate and apart?
These are considered to be the separate property of that spouse. The “separate and apart“ is what changes the earnings from CP to SP
What is separate property?
- all property owned by the married person before marriage
- or after marriage when gotten by gift, bequest, devise, or descent,
- Plus all proceeds from this property
- The owner spouse has exclusive control and management over this property
What does it mean to get property by devise?
To get it under a will
What does it mean to get property by descent?
Through inheritance
What does it mean for the proceeds of property that is separate property to also be separate property?
Rent, issues, and profits from that property are considered to still be separate property