Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

acquets and gains

Read a random definition: real defense

A quick definition of acquets and gains:

Acquets and gains: In Louisiana, when a married couple owns property together, it is called community property. Acquets and gains refer to the assets that belong to both spouses in this community property. It includes things like money, real estate, and other possessions that the couple acquired during their marriage.

A more thorough explanation:

Acquets and Gains

Acquets and gains refer to the assets that make up the community property of spouses who are subject to Louisiana community-property laws. It is often shortened to "acquets."

For example, if a couple in Louisiana buys a house together during their marriage, that house would be considered an "acquet" and would be owned equally by both spouses. Similarly, if one spouse starts a business during the marriage, any profits earned from that business would be considered "gains" and would also be owned equally by both spouses.

Another example would be if one spouse inherits money or property during the marriage, that inheritance would be considered separate property and not part of the community property. However, if the inheritance is used to buy a house or invest in a business, then the house or business would become community property and subject to the acquets and gains rules.

Acquets and gains are important concepts in Louisiana community-property law because they determine how property is divided in the event of a divorce or the death of one spouse. Understanding these rules can help couples make informed decisions about how to manage their finances and assets during their marriage.

acquets and conquets | acquiesce

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.