Matrimonial Regime - Community Property Systems

Community Property Systems

  • community of property - only marital property is owned in joint tenancy, save for gifts and inheritances. (also known as a ganancial community of property or conjugal partnership of gains (Philippines)) (Fr communauté réduite aux acquêts, Sp sociedad de gananciales, Du gemeenschap van aanwinst van goederen, gemeenschap van vruchten en inkomsten, Ger Errungenschaftsgemeinschaft, Ita comunione degli acquisti)
    • community of profit and loss - similar to above but liabilities ("loss") are separate. (Du gemeenschap van winst en verlies)
    • community of personal and marital property - community consisting of marital property and pre-marital personalty. (Fr communauté de meubles et acquêts, Ger Fahrnisgemeinschaft).
  • limited community of property - similar to community of property but with certain marital property being separate. (Fr communauté de biens limitée, Du beperkte gemeenschap van goederen)
  • universal community of property - all pre-marital and marital property is owned in joint tenancy. (also known as absolute community of property (Philippines)) (Fr communauté universelle, Sp comunidad absoluta de bienes, Du algehele gemeenschap van goederen, Ger Gütergemeinschaft, It comunione universale dei beni)

Read more about this topic:  Matrimonial Regime

Famous quotes containing the words community, property and/or systems:

    “It never was in the power of any man or any community to call the arts into being. They come to serve his actual wants, never to please his fancy.”
    —Ralph Waldo Emerson (1803–1882)

    “The property of rain is to wet and fire to burn.”
    —William Shakespeare (1564–1616)

    “I am beginning to suspect all elaborate and special systems of education. They seem to me to be built up on the supposition that every child is a kind of idiot who must be taught to think.”
    —Anne Sullivan (1866–1936)