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:
“Suppose we think while we talk or writeI mean, as we normally dowe shall not in general say that we think quicker than we talk, but the thought seems not to be separate from the expression.”
—Ludwig Wittgenstein (18891951)
“It is better to write of laughter than of tears, for laughter is the property of man.”
—François Rabelais (14941553)
“The only people who treasure systems are those whom the whole truth evades, who want to catch it by the tail. A system is just like truths tail, but the truth is like a lizard. It will leave the tail in your hand and escape; it knows that it will soon grow another tail.”
—Ivan Sergeevich Turgenev (18181883)
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