- 11 - I. The intended husband and wife shall be separate in property, therefore, neither of them shall be liable for the debts contracted by the other, either before or during their marriage; The intended wife shall have the free and exclusive enjoyment of her separate property, and the full administration thereof, without the assistance of her husband. II. All property and effects of the said husband and wife, whether owned by him or her at the time of the celebration of said intended marriage, or acquired during said marriage, are hereby declared to be separate property, and that of the wife, separate and paraphernal property, and they and each of them do hereby expressly reserve to themselves individually the entire administration of their respective particular movable and immovable property, and the respective free enjoyment of each of their revenues. On February 2, 2000, the marriage contract was “filed for registry” in the conveyance records of Jefferson Parish, Louisiana. D. The Plumbing Business Michael generally worked alone in the plumbing business. If he needed help, then he hired independent contractors. Sandra handled all the bookkeeping for the plumbing business. She wrote out the invoices and mailed them to customers, paid the bills, organized the records, did the banking, and submitted figures to petitioners’ C.P.A. for use in preparing petitioners’ tax returns. The plumbing business was on the cash basis for 1994 and 1995. Sandra computed gross income for the years in issue byPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011