Separate Property Systems
- separation of property - all property, pre-marital or marital, is owned separately. (Fr séparation de biens, Sp separación de bienes, Du scheiding van goederen, Ger Gütertrennung, It separazione dei beni)
- separation of property with equitable distribution - in instances of inequality between spouses, an underprivileged spouse may be awarded some of the dominant spouse's property by the courts.
- accrual system (aka differed community of property) - marital property is owned separately during the marriage, but after marriage (divorce, death of a spouse), the net assets are lumped together as property in joint tenancy and divided. (Fr participation aux acquêts, Sp participación, Du aanwasbedeling, Ger Zugewinngemeinschaft, It partecipazione agli acquisti)
Read more about this topic: Matrimonial Regime
Famous quotes containing the words separate, property and/or systems:
“Heaven has its business and earth has its business: those are two separate things. Heaven, that’s the angels’ pasture; they are happy; they don’t have to fret about food and drink. And you can be sure that they have black angels to do the heavy work like laundering the clouds or sweeping the rain and cleaning the sun after a storm, while the white angels sing like nightingales all day long or blow in those little trumpets like they show in the pictures we see in church.”
—Jacques Roumain (1907–1945)
“The awareness of the all-surpassing importance of social groups is now general property in America.”
—Johan Huizinga (1872–1945)
“Not out of those, on whom systems of education have exhausted their culture, comes the helpful giant to destroy the old or to build the new, but out of unhandselled savage nature, out of terrible Druids and Berserkirs, come at last Alfred and Shakespeare.”
—Ralph Waldo Emerson (1803–1882)