CASE STUDY

Real Property and Land Use



Real Property and Land Use

Introduction

The focus of the report is on the case scenario of 'Paula and Barron'. Paula and Barron Stump had been living together in New Mexico since 1997 and got married in July 2000 and separated in July 2007. Paula is the owner of BioGene Corporation, and the worth of this organization is $20,000. He worked for the success of this company, and her product approved from Food and Drug Administration. She sold the company for $30 million and after two days declared about the dissolution of the marriage. According to the Matrimonial act, Paula is the one who can do anything with her property, and she is the only owner of the company. Barron would have never been the legal ramifications of the division of property and assets if Paula had sold the stock after filing for dissolution of marriage.

Case Analysis

The settlement consists of distributing goods from changing the property to be marital property to individual ownership of the people who formed the marriage. It says what is formally award the property. Legislation should provide a matrimonial regime of Paula property to improve the protection. In this regime, property and money acquired during marriage considers community property even if they register in the name of one spouse. Income and the legacy shared by the couple unless otherwise specified consider common property (Shavell 2004). The property and assets acquired before marriage is separate property, which properly belongs to each spouse. A matrimonial regime of community changed, or partial can provide better protection to women that a system of the international community.

In the case of Paula, allows a regime change or partial community can protects her from bring this property to the Barron. The marital property law regulates property relationships between Paula & Barron. Most of the effects of these legal provisions depend upon dissolution of marriage to bear. In a divorce, or the death of a spouse are the legal or agreed matrimonial property provisions is of enormous importance, but that they regulate Fate of the assets of the spouses. Paula & Barron marriage dissolved by separation additional inheritance Provisions apply (Richard 2007).

The legislature, in the area of property and inheritance law the individual needs of different communities met and married, in addition to detailed legal rules, a variety of business solutions rather left open. Is often Couples the action to a ...