Date: July 23rd, 2012 3:57 AM
Author: Maniacal orchestra pit ceo
Yeah brother, I've been working at it pretty much all day, and I still feel only OK about it (it didn't make my preferred topics list).
I've found that systematically analyzing each item with a checklist works best for me. Here's my item-by-item checklist:
(1) Trace the Source
(A) WHEN was the item/funding acquired (during marriage or not)?
(B) HOW was the item/funding acquired (gift/devise/bequest)? You can sometimes argue an implied gift from one spouse to another.
(C) Do special rules govern the source? Examples: Life Insurance, Personal Injury, Severance Pay, Stock Options, Commingled Bank Accounts, Education.
(D) Dual Source -> Pro Rata Interest. Different formulas for (i) mixed SP-CP cash contributions and (ii) benefits partially accrued during marriage, but same idea.
(2) Actions Altering Characterization
(A) Agreements - 2 Kinds
(i) Antenuptial Agreement - Check if valid.
(ii) Transmutation - Check if valid.
(B) Taking Title - 2 Rules
(i) Property In W's Name Before 1975 = Presumed SP (MWSP)
(ii) Jointly Titled Property:
Death -> Lucas = Presumed CP, No Reimbursement
Divorce -> Anti-Lucas (Unless acquired before 1984, in which case apply Lucas) = Presumed CP, But Reimbursement
(C) CP Used to Improve Value of SP - 2 Rules
(i) CP Used to Improve One Spouse's SP:
Improve Own SP = Community Reimbursed
Improve Other Spouses' SP = Gift Presumed (If Not Gift, Community Reimbursed)
(ii) CP Labor Enhances Value of SP Business: Apply Pereira and Van Camp. Can also argue business' goodwill increased (even if its book value did not); any increase is CP.
(3) Distribution
(A) Divorce - 50/50 distribution, with various exceptions.
(B) Death
Will -> Devise Decedent's SP and 1/2 CP.
Intestate -> Spouse gets all CP. SP depends on whether decedent has issue/parents.
(http://www.autoadmit.com/thread.php?thread_id=2001219&forum_id=2#21153137)