Wednesday, December 09, 2009
A time for giving... and getting back
As you contemplate what to buy your spouse for Xmas the most important consideration is, of course, whether you will get any of it back when you divorce. Well, in California at least, it seems that the answer is 'maybe'. There, a wife has succeeded in an appeal against a decision that a Porsche purchased for her husband with her money was his separate property. Instead, the appeal court decided that it was community property, so that she retains a share.
Of course, we don't have a community property regime over here...