VI. Marital Estates Flashcards

1
Q

Common Law Marital Property States

A

Spouses held separate property only

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2
Q

Coverture under Common Law Marital Property

A

Wife moved under protection of husband. Husband controlled all of wife’s personal property owned by wife at the time of marriage and acquired thereafter, including earnings. For real property, husband had right of possession of all of wife’s lands during marriage; right to possession was alienable and reachable by husband’s creditors.

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3
Q

Married Women’s Property Acts (CL MP)

A

Removed coverture, wife’s property was separate property immune from husband’s debts

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4
Q

CL Distribution at Death- Personal Property

A

At husband’s death, a widow took 1/3 of husband’s personal property if there were surviving issue. If no surviving issue, she received 1/2. At wife’s death, widower took all of wife’s personal property.

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5
Q

CL Distribution at Death- Real Property- Dower

A

Wife gets a life estate in 1/3 of each freehold of which the husband was seised during marriage and which was inheritable by issue. This attaches at moment of marriage. Creditors/purchasers take subject to wife’s dower right

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6
Q

CL Distribution at Death- Real Property- Curtesy

A

Husband gets life estate in all of wife’s land, but only if husband and wife had issue born alive. Attached to all freehold land that wife was seised during marriage and that was inheritable by issue.

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7
Q

Modern Elective Force Share

A

Spouses can take share (usually 1/2 and 1/3) of all real and personal property that decedent-spouse owned at death. (does not include anything during lifetime)

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8
Q

Community Property

A

Earnings during marriage and the rents, profits, and fruits of earnings

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9
Q

Separate Property

A

Property that is not CP, includes:

  • Property acquired before marriage; and
  • acquired during marriage by gift, devise or descent
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10
Q

Community Property Basics

A
  1. Spouses own CP in equal shares; SP belongs 100% to the spouse who acquired it
  2. Property acquired during marriage is presumed CP, although presumption is rebuttable
  3. Spouses can transmute (change) the character of property by agreement from CP to SP, or SP to CP.
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11
Q

Disposition of CP at Death

A
  1. Testate: each spouse has power to dispose of his or her own share of CP and all of his or her own SP by will.
  2. Intestate: Decedent-spouse’s share of CP and all of decedent-spouse’s SP passes to his or her heirs
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12
Q

Management over Marital Property

A

Spouses have equal management power over CP. SP is managed by the spouse who owns it.
Spouses have fiduciary obligations and must act in good faith (not necessarily good judgement)

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13
Q

Mingled Separate and Community Property: Inception of Right rule

A

Property is characterized as separate or community at the time that it is acquired. If the property is characterized as separate property, the community is entitled to reimbursement of the community funds used to acquire the property

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14
Q

Migrating Couples

A

Character of property is determined by the spouse’s domicile when acquired. Once characterized, the character of property does not change unless both parties consent

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15
Q

Migrating Couples- Personal Property

A

Law of the decedent’s domicile at death governs the disposition of personal property at death

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16
Q

Migrating Couples- Real Property

A

Law where the land is located governs the disposition of real property

17
Q

Common Law Marriage

A

Where common law marriage exists, states generally require that the couple agree to be married, hold themselves out as married, and act as a married couple.

18
Q

Mingled Separate and Community Property: Time of Vesting:

A

Property is characterized as separate or community at the time that title vests.

19
Q

Mingled Separate and Community Property:

Pro Rata Sharing:

A

Property is characterized partly as separate property and partly as community property in proportion to the amount contributed.