Logourl black
From our private database of 14,200+ case briefs...

Beam v. Bank of America

Supreme Court of California
490 P.2d 257 (1971)


Facts

Mr. Beam (plaintiff) and Mrs. Beam (defendant) were married from 1938 to 1968. Mr. Beam received a substantial inheritance before and at the beginning of the marriage. As a result, neither Mr. Beam nor Mrs. Beam had outside employment during the course of the marriage. Mrs. Beam was a housewife, while Mr. Beam spent his time managing his investments, from which all of the family and living expenses were paid. However, during the 29 years that Mr. and Mrs. Beam were married, the principal of Mr. Beam's investments increased from only $1,629,129 to $1,850,507.33. The trial court calculated that based on a default reasonable rate of return, Mr. Beam’s investments should have been worth more than $4,000,000. Because the investments did not reach that value, the trial court concluded that none of the investment value was attributable to Mr. Beam’s skill or efforts and thus was not community property. Thus, the trial court found that the entirety of Mr. Beam's investments was the separate property of Mr. Beam. Mrs. Beam appealed.

Rule of Law

Issue

Holding and Reasoning (Tobriner, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 252,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,200 briefs, keyed to 189 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.