Legal Question in Family Law in California
Moore/Marsden Formula
I would like to review a detailed treatment (explanation) of the Moore/Marsden Formula, but have been unsuccessful in locating anything other than a very brief description. Where can I locate the specifics on this property settlement distribution and exactly how it works and any updates/changes on this formula?
1 Answer from Attorneys
Re: Moore/Marsden Formula
A rough formula is as follows:
Establish how much of the mortgage principle (not interest) was paid down with community funds (usually wages earned after marriage before separation).
Apply that number to the original purchase price of the property; this yields a percentile.
Take that percentile against the current value of the property. That yields the community interest.
If you can provide the following, I will give you a fairly solid number:
original purchase price and amount financed;
value at date of marriage and mortgage balance
value at date of separation and mortgage balance
value now and mortgage balance
amount of mortgage principle paid during marriage
with c/p funds.