Stock Purchased through a Community Option With Separate Property Funds Is Community Property

Business Valuation Update BVLaw
Legal and Court Case Update
March 29, 2002
marital dissolution/divorce

Gerald Steven Chumbley (Chumbley I) v. Mary Patricia Beckmann
No. 26473-1-II (WASH. App. 2002)
US
State Court
Washington
Court of Appeals
Armstrong

Summary

The Washington Court of Appeals, Division II determined that the trial court mischaracterized stock as a separate property asset.

See Also

Gerald Steven Chumbley (Chumbley I) v. Mary Patricia Beckmann

The Washington Court of Appeals, Division II determined that the trial court mischaracterized stock as a separate property asset. The stock in question stemmed from an exercised community property option that was purchased with the wife’s separate proper ...