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California Community Property Keyed to Carrillo, 11th Ed.
Marriage of Marsden
Citation:
181 Cal. Rptr. 910 (1982)Facts
Sullivan Marsden purchased an 80-year leasehold from Stanford University in 1962 for $6,300 and constructed a house for $32,000, financing it with $2,000 cash and a $30,000 loan. By the time the parties married in February 1971, husband had reduced the loan balance to $23,000. During the marriage, community funds reduced the principal by $9,200. The property’s fair market value was $65,000 at marriage and $182,500 at trial. Husband also owned substantial stock holdings before marriage and engaged in numerous stock transactions during marriage, depositing proceeds and salary checks into accounts at Union Bank and Great Western Savings and Loan. Husband failed to maintain adequate records correlating specific stock purchases with withdrawals from particular accounts. The parties separated on July 10, 1978, after periods of living apart in 1975-1976 and 1977-1978, though they continued their relationship during these periods.
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