What are Watts charges and Epstein credits?
Watts Charges. Named after the 1985 Marriage of Watts case,a Watts charge (sometimes called a Watts credit) applies in divorce cases when one spouse uses community assets after separation.
What are Epstein credits?
Epstein credits are when post separation a spouse pays for community property debt and is entitled to reimbursements. For example, if you are paying for credit card debt that the community incurred you are entitled to receive half in reimbursements of those payments because it is a community obligation.
What are Watts credits?
Sometimes, they are called Watts Charges. The words Watts Credits or Watts Charges comes from the 1985 case called Marriage of Watts. For this article, we will call it a Watts Charge. A Watts Charge is a “charge” against the other spouse for one-half of a community asset’s use after separation.
Watts Charges and Epstein Credits Law and Legal Definition In a divorce case, Watts charges are a charge against a spouse’s share of community property made to reimburse the community for the value of his or her exclusive use of the property after separation.
What is an Epstein credit?
Epstein credits are reimbursement claims against the community property for the payment of a community debt with separate assets.
What is a Watts charge or watts credit?
Sometimes, they are called Watts Charges. The words Watts Credits or Watts Charges comes from the 1985 case called Marriage of Watts. For this article, we will call it a Watts Charge. A Watts Charge is a „charge“ against the other spouse for one-half of a community asset’s use after separation.
What is the marriage of Epstein?
Marriage of Epstein is a 1979, published California case. Epstein Credits were partially codified (meaning, they partially became part of the California Family Code) in Family Code section 2626.