Terminology Out of Community of property Flashcards

1
Q

Marriage out of community
of property

A

1) Generally speaking, two separate estates are created and each spouse administers his own estate for the duration of the marriage.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Accrual system

A

The system that allows spouses to share in each other’s accrual at dissolution of their marriage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Accrual claim

A

1) The amount the spouse with the lesser accrual can claim against the other spouse in terms of the
accrual system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Net value of estate

A

Assets minus liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Commencement value

A

Value of estate at conclusion of union.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

End value

A

Value of estate at dissolution of union

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Accrual of an estate

A

The difference between the end and
commencement values of a spouse’s estate.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly