Reference no: EM133465705
Following no-fault reform, why did property distribution become the preferred way to address the economic interests/needs of divorcing spouses?
Prior to the passage of equitable distribution laws, how did common law states divide property? What was the special equity rule?
What is a dual property state? What is an all-property state?
What steps are involved in the division of property?
What is the difference between tangible and intangible property?
What is the difference between a vested and an unvested pension?
Explain why some jurisdictions include professional goodwill in their definition of property and others exclude it.
What characteristics do virtual assets share with tangible assets?
How is marital property generally defined?
Why is it important to determine when property is acquired?
What is the inception of title rule? The source of funds rule?
What cutoff dates are commonly used for determining when property will no longer be considered marital?394
What is the difference between passive and active appreciation? Why is this difference important with respect to the appreciation of separate property?
Explain the concept of tracing.
What is transmutation? Explain the four different ways by which property can transmute.
What is meant by the term "fair market value"?
What is the difference between an equal and an equitable distribution standard?
What are basic ways a distribution can be effectuated?
What are the two different approaches to distribution of a pension? What are the relative advantages and disadvantages of each approach?
What are the basic tax consequences of a property distribution?