Assume for the purposes of this DQ that the couple resides in a community property state.

Question 1
A couple is going through the divorce process. Among other assets, they must divide the following:
•       An automobile purchased during marriage
•       $78,000 that was willed from an uncle to the wife during marriage
•       A $28,000 retirement fund that the husband accumulated during the marriage
•       A vacation home purchased during marriage but located in a neighboring state
Assume for the purposes of this DQ that the couple resides in a community property state. How would the assets be divided and why?

Question 2
What is an annulment? When might parties to a marriage seek an annulment? What are the benefits of an annulment?