Property Division Flashcards

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1
Q

Property distribution decrees v support awards

A

Prop distribution decrees are not modified and support awards are subject to modification

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2
Q

Two step process for division of property

A
  1. ## Classification
  2. Division
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3
Q

What is marital property

A

All property acquired by either or both spouses during marriage.
Vested and unvested pensions
Includes personal injury damages that replace marital type of funds (loss wages, medical bill reimbursement and property damage $)

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4
Q

WhAt is commingling

A

Inextricably intertwined property - will make separate property marital property

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5
Q

Approaches to division of property

A

Community property(all prop acquired during marriage is owned one-half by each spouse and property owned before marriage is separate)
Equitable division of all property
Equitable division of marital property (majority)

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