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:
“As the two boys walked sorrowing along, they made a new compact to stand by each other and be brothers and never separate till death relieved them of their troubles. Then they began to lay their plans. Joe was for being a hermit, and living on crusts in a remote cave, and dying, some time, of cold, and want, and grief; but after listening to Tom, he conceded that there were some conspicuous advantages about a life of crime, and so he consented to be a pirate.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“A lawyer’s dream of Heaven: Every man reclaimed his own property at the resurrection, and each tried to recover it from all his forefathers.”
—Samuel Butler (1835–1902)
“What is most original in a man’s nature is often that which is most desperate. Thus new systems are forced on the world by men who simply cannot bear the pain of living with what is. Creators care nothing for their systems except that they be unique. If Hitler had been born in Nazi Germany he wouldn’t have been content to enjoy the atmosphere.”
—Leonard Cohen (b. 1934)