Terms Used In California Codes > Family Code > Division 4 > Part 4 - MANAGEMENT AND CONTROL OF MARITAL PROPERTY

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Community estate: includes both community property and quasi-community property. See California Family Code 63
• Contract: A legal written agreement that becomes binding when signed.
• County: includes city and county. See California Family Code 67
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Fiduciary: A trustee, executor, or administrator.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• order: include a decree, as appropriate under the circumstances. See California Family Code 100
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: includes a natural person, firm, association, organization, partnership, business trust, corporation, limited liability company, or public entity. See California Family Code 105
• Personal property: All property that is not real property.
• Probate: Proving a will
• Proceeding: includes an action. See California Family Code 110
• Property: includes real and personal property and any interest therein. See California Family Code 113
• Spouse: includes "registered domestic partner" as required by Section 297. See California Family Code 143