Approaches

Question 1

Conduct of Parties

Answer 1

SIP That Good Cognac

1. Separation
2. Improvements
3. Pereira/Van Camp
4. Transmutation
5. Gifts
6. commingled Accounts

Question 2

Potential Rights of Creditors

Answer 2

1. What type of property is involved?
2. Who incurred the debt?
3. When was debt incurred?
   
   • A contract debt is incurred at time contract is made.
   • A tort debt is incurred at time the tort occurs.
   • A spouse’s child support and spousal support obligations from prior relationships is treated as debts before marriage.
   • In all other cases, debt occurs at time obligation arises.