VI. Marital Estates Flashcards
Common Law Marital Property States
Spouses held separate property only
Coverture under Common Law Marital Property
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.
Married Women’s Property Acts (CL MP)
Removed coverture, wife’s property was separate property immune from husband’s debts
CL Distribution at Death- Personal Property
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.
CL Distribution at Death- Real Property- Dower
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
CL Distribution at Death- Real Property- Curtesy
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.
Modern Elective Force Share
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)
Community Property
Earnings during marriage and the rents, profits, and fruits of earnings
Separate Property
Property that is not CP, includes:
- Property acquired before marriage; and
- acquired during marriage by gift, devise or descent
Community Property Basics
- Spouses own CP in equal shares; SP belongs 100% to the spouse who acquired it
- Property acquired during marriage is presumed CP, although presumption is rebuttable
- Spouses can transmute (change) the character of property by agreement from CP to SP, or SP to CP.
Disposition of CP at Death
- 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.
- Intestate: Decedent-spouse’s share of CP and all of decedent-spouse’s SP passes to his or her heirs
Management over Marital Property
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)
Mingled Separate and Community Property: Inception of Right rule
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
Migrating Couples
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
Migrating Couples- Personal Property
Law of the decedent’s domicile at death governs the disposition of personal property at death