CALIFORNIA FAMILY LAW
...Community Property Issues
......Characterization
.........Characterization/Definition
3 Cards On This Topic:

W had c/p interest in Alacer's increased value during marriage and trial court w/in its discretion in using Pereira to apportion Alacer's value at date of H's death using "capitalization of excess earning" method.

Characterization defined; required to determine parties' rights and liabilities with respect to a particular asset or obligation.

If a c/p is created during marriage, it is a present and existing interest, even if it has yet to be recognized by a court order.