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Extract to table / memo-community-property-tracing-malibu.docx
memo-community-property-tracing-malibu.docx
Parties
HARKNESS LLP
Saldívar LLP
Lumière Canyon Studios LLC
Ridgeway Accounting Partners LLP
Pinnacle West Appraisal Group LLC
Linden Appraisals Inc
Brindoval Forensic Document Services LLC
Dates
January 15, 2023
August 22, 2007
June 14, 2008
May 30, 2008
September 3, 2022
November 14, 2022
January 9, 2023
November 28, 2022
October 18, 2022
January 1, 2018
Amounts
$4,750,000
$2,016,400
$1,800,000
$6,200,000
$3,816,400
$2,383,600
$4,800,000
$1,500,000
$14,200
$68,750,000
Obligations
The $1,800,000 renovation of the Malibu Beach House in 2016 constitutes a significant community contribution that must be traced and credited in the community property analysis
Thus, if the Contestants wish to argue that the mortgage payments were made from Teodoro's separate property funds rather than community funds, they must affirmatively trace those funds to a separate property source
It must be acknowledged that this is a simplified proportional calculation
This documentation must establish not only the scope and cost of the renovation but also the source of the funds used to pay for it
Under California Family Code Section 1611, a premarital agreement must be in writing and signed by both parties