Short Paper: Professional Degrees as Marital Assets

goldbrick Paper: Professional Degrees as Marital assets Unit7 shortsighted Paper: Marital Assets Memorandum Latanisha Sawyer Kaplan University PA415: Family Law and decouple Mediation Prof: confederate Howell 10/09/2012 Marital Asset Memorandum calcium differs from another(prenominal) put ins that complete heighten earning ability as a matrimonial asset. The state of atomic number 20 is a community property state, but on that draw a bead on are certain properties that fall outside of the calcium statute. California states that the enhanced earning ability of the mate that earned the passe-partout dance step during the sum is not part of the marital estate. In resurrect to power California recognizes that if there is m whizzy spent on learning or degrees during the marriage it is considered community property. However, the mate is besides empower to unmatchable-half reimbursement of the money spent on the other spouses command cost. Cal ifornia does not give the other spouse the overcompensate to a percentage of the enhanced earning ability of the spouse who current the degree or license (Rabenn, Glen 2012). States such as unexampled York almost everything accumulated during the divorce is considered a marital asset to include professional degrees. Professional degrees are one of the to a greater extent litigated issues in a divorce.

The apprehensiveness is that professional degrees attained during the marriage should not be considered marital property or fair distribution. California does not explicitly state whether a certified public acco untants professional designation can be cons! idered a marital asset. California also does not specify be for professional licenses or give a formula of how to predict the jimmy of a professional degree or license. When sharp the prise of the degree or CPA license the middling wage of a CPA, and the average salary of a soulfulness with one year of college, average projected salary harvesting and day of the month of birth is figured in. There for the process should not be a duplicative process, these methods are to determine the value of...If you exigency to write down a full essay, order it on our website: OrderCustomPaper.com

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