- 8 - (c) transmute separate property of one spouse into separate property of the other spouse.5 California Civil Code section 5110.730(a) requires that a valid transmutation be made not just in writing, but in "writing [made] by an express declaration that is made, joined in, consented to, or accepted by the spouse whose interest in the property is adversely affected." The issue here is whether Mr. Wells validly transmuted his one-half joint tenancy interest in the Paddock Lane property to petitioner. The California Supreme Court in In re Estate of MacDonald, 794 P.2d 911 (Cal. 1990), considered the requirements of a written transmutation under California Civil Code section 5110.730(a). The MacDonalds had both previously been married and had children from their prior marriages. After several years of marriage to Mr. MacDonald, Mrs. MacDonald discovered that she was terminally ill. Wanting to leave separate property to her children, Mrs. MacDonald and her husband obtained legal and financial advice and divided their property into separate estates before her death. One of the items that they did not address was the husband's pension plan benefits in which Mrs. MacDonald 5 Former Cal. Civ. Code secs. 5110.710 through 5110.730 (West 1983) were in effect at the time of the transmutation in this case. These statutes were repealed and are now codified in Cal. Fam. Code secs. 850-853 (West 1994).Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011