1.) A couple is going through the divorce process. Amongst other assets, they must divide the following:
An automobile purchased during marriage
$78,000 that was willed from an Uncle to the wife during marriage
A $28,000 retirement fund that the husband accumulated during the marriage
A vacation home purchased during marriage but located in a neighboring state
Assume for the purposes of this DQ that the couple resides in a community property state. How would the assets be divided and why?
2.)What is an annulment? When might parties to a marriage seek an annulment? What are the benefits of an annulment?