Posted on: 14th Mar, 2013 04:32 pm
How is Separate property contribution to Comunity Property handled when it appreciates in California, assuming worst case scenario (divorce.)
I know the tracing rules allow recoupment of the SP contribution, but does that SP contribution earn equity?
Facts: 575K used to purchase a property, 400K balance of the purchase price financed with jointly held mortgage.
I know the tracing rules allow recoupment of the SP contribution, but does that SP contribution earn equity?
Facts: 575K used to purchase a property, 400K balance of the purchase price financed with jointly held mortgage.
Welcome mona,
As far as I know, the calculations are done through the Moore Marsden rule. You will have to contact an attorney who is an expert in the community property laws and he will guide you further in this regard.
As far as I know, the calculations are done through the Moore Marsden rule. You will have to contact an attorney who is an expert in the community property laws and he will guide you further in this regard.