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Simple English definitions for legal terms

acquets and gains

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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

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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