Also known as: acquets & gains · acquêts and gains · acquets · gains
Written by attorneys — see sources below.
Assets acquired by spouses during marriage that form the community property estate under Louisiana law.
Angela Acosta and Albert Allen marry in Louisiana and buy a house with earnings from their jobs during the marriage. The home becomes part of their acquets and gains. Upon divorce the court divides the equity equally between them as community property.
Aisha Ahmed starts a retail venture after marrying Alfred Ashford. Profits from the venture during the marriage count as acquets and gains. In a later property division the interest is split as community property.
Amber Alonzo receives an inheritance and deposits it into a joint account with Anita Ali while married in Louisiana. The funds lose separate character and become acquets and gains. The court treats the balance as community property on dissolution.
Albert Allen saves wages earned while married to Angela Acosta. The savings constitute acquets and gains under Louisiana rules. Division of the account follows community property principles at separation.
Aisha Ahmed and Alfred Ashford purchase a car using income accumulated after their wedding. The vehicle is classified as acquets and gains. Each spouse receives an equal share of its value upon divorce.
Amber Alonzo and Anita Ali invest marital wages in stocks that appreciate during the marriage. The portfolio forms acquets and gains. The court awards each spouse half the value in the property settlement.
Assets acquired by either spouse during marriage through earnings or purchases form acquets and gains. These assets belong to the community estate and are divided equally on divorce.
…lie at the base of all our civil and political institutions' . . . ." Powell v. Alabama , 287 U. S. 45, 67. "Liberty" also "gains content from the emanations of . . . specific [constitutional] guarantees" and "from experience with the requirements of a free society." Poe v. Ullman , 367 U. S. 497, 517 (dissenting…