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:
“The need to become a separate self is as urgent as the yearning to merge forever. And as long as we, not our mother, initiate parting, and as long as our mother remains reliably there, it seems possible to risk, and even to revel in, standing alone.”
—Judith Viorst (20th century)
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“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)