Herb and Wendy, residents of California, married in 2016. Th…

Herb and Wendy, residents of California, married in 2016. They were both school teachers earning a combined income of $150,000 per year. They have no other assets. In 2021, Herb gave Wendy a 2-carat diamond ring for their 5-year wedding anniversary. He used his salary to pay for the $20,000 ring. A few years later, Wendy and Herb filed for divorce.  Characterize the diamond ring:

In 2010, Hector and Anna married. In 2015, while on a busine…

In 2010, Hector and Anna married. In 2015, while on a business trip, Hector met Winnie but did not tell her that he was already married. Hector immediately left Anna and moved in with Winnie. Hector and Anna did not file for divorce. In 2016, Hector and Winnie had a big wedding with their friends and family. In 2020, Hector and Winnie purchased a house together, using earnings from their salaries as the down payment. In 2022, Winnie files for divorce. Characterize the house: