Threshold Questions - Marital Status and Marital Domicile Flashcards
1
Q
Initial paragraph and SP - Source Rule
A
CA-CP-B-DIG-S-PIR-B-SCI-SQ - (Before Devise Inheritance Gift SP Profits Issues Rent Burden Source Change Intent)
- CA is CP state, property acquired during marriage presumed CP;
- Before or after marriage (sepration with permant intent facts);
- During marriage by Gift, Inheritance, Devise;
- From SP funds;
- Profits, Issue, and Rents of SP.
- Burden on SP proponent to defeat CP presumption.
- Source rule to trace;
- Mere change in form does not change character;
- Credit/Loans = intent of lender.
- Acquired in SP state before CA domicile in CA is QCP - treated as CP on death or divorce.
2
Q
Characterizing assets essay approach
A
SAP
- Source of asset;
- Actions taken to alter character;
- statutory Presumptions that apply to the asset.
3
Q
Valid Marriage
A
MAFC - Mutual Age Formalities Capacity
- requires Mutual assent;
- Sufficient age (18+)
- legal Capacity
- Formalities (License and Solemnization)
4
Q
Marital Economic Community (MEC)
A
BEDDLIF (Begins Ends Divorce Death Living Intent Façade)
- Begins at Marriage;
- Ends at Death (either spouse);
- Divorce; or
- Intent of either spouse not to resume coupled with conduct;
- Living separate not required since 2017, but relevant;
- Facade of marriage, MEC not ended.
5
Q
Fiduciary Duty
A
- Spouses owe highest duties of good faith and loyalty;
- Disclosure and accounting;
- Court may award higher share of CP to remedy breach, void transaction, etc.
- One spouse may not encumber assets with debt or otherwise dispose of them unilaterally.
SOHDARED (Spouses Owe Highest Disclosure Accounting Remedy Encumber Dispose)
6
Q
Liabilities
A
- CP incurred during marriage, SP incurred after separation;
- Exception for necessaries of life; or
- If all CP sources exhausted and would be equitable;
- Medical after separation, maybe CP;
- If other spouse had SP for necessary, may be entitled to reimbursement.
CID-SAS-NE-CEE-MAMC-SER (CP Incurred During SP After Separation Necessaries Exception CP Exhaused Equitable Medical After Maybe CP SP Entitled Reimbursement)
NEEEMARS (Necessaries Exception Equitable Exhausted Medical After Reimbursement SP)