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Pereira accounting is one of the two manners in California community property law that explains how to deal with community funds and/or labor used to enhance the value of separate property. The method is named after a 1909 divorce case, Pereira v. Pereira. [1]
In 1842, New Hampshire allowed married women to own and manage property in their own name during the incapacity of their husband, and Kentucky did the same in 1843. In 1844 Maine extended married women property rights by granting them separate economy and then trade licenses. Massachusetts also granted married women separate economy in 1844. [10]
Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...
Property acquired before marriage is separate and belongs to the spouse who acquired it. Property acquired during marriage is presumed to belong to the community estate except if acquired by inheritance or gift, or by exchange for other separate property. This definition leads to numerous issues that can be difficult to ascertain.
The remainder is the worker's separate property. [ 3 ] If capital (rather than spousal or community labor) is the chief factor contributing to a large gain in the value of the business and if labor by the spouse not holding title to the business was compensated fairly during the marriage, the Van Camp method will allocate most of the ...
California allows a person with a claim to assets in the estate of someone who has died to collect them without going through formal probate by using an affidavit for collection of personal ...
Santa Clara Winery Owner Fined $120,000 For Letting Employee Live on His Property . Hundreds of people live in trailers and campers on the streets of Santa Clara County, California—a very ...
A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with subsequent officeholders having identical powers and ...