Property Division Flashcards
What is the general rule for a community property jurisdiction?
a. All property acquired during the marriage is deemed to be divided 50/50 between spouses
b. All property and gifts acquired before the marriage are deemed to belong to the spouse from whence they originated
What is the general rule for an equitable division of all property jurisdiction?
a. All property (no matter when it was acquired, either before or after the marriage is divided between the spouses)
What is the general rule for an equitable division of marital property jurisdiction?
a. Each spouse takes his or her separate property and the court divides the property that was acquired during the marriage
b. Factors the court uses to determine the allocation of property: lots of them