Nov 20, 2022
Today we discuss the importance of "In re Marriage of Prentis-Margulis & Margulis" Which discusses the fiduciary responsibility of spouses not to hide assets and the ramifications if they do. We get into Family Code 721, 1100, 1101 and some corporation code (yes spouses do fall under these codes as well).
In a marital dissolution proceeding to divide the community property, where the nonmanaging spouse has prima facie evidence that community assets of a certain value have disappeared while in the control *330 of the managing spouse post-separation, should the managing spouse have the burden of proof to account for the missing assets? The answer is yes.
Family code 1100 and 721 to disclose
Join Mark Esquibel, Michael Alexander and myself as we discuss
this.
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