1.Purchased on installments Art. 118. Property bought on installments paid partly from exclusive funds of either or both spouses and partly from conjugal funds belongs to the buyer or buyers if full ownership was vested before the marriage and to the conjugal partnership if such ownership was vested during the marriage. x x x 1)…
1.Scope of Conjugal Partnership Conjugal partnership constitutes the following: (1) Those acquired by onerous title during the marriage at the expense of the common fund, whether the acquisition be for the partnership, or for only one of the spouses; (2) Those obtained from the labor, industry, work or profession of either or both of the…
Art. 110. The spouses retain the ownership, possession, administration and enjoyment of their exclusive properties. x x x This means that each spouse keeps full control over what legally belongs to them alone. They continue to own it, use it, manage it, and enjoy its benefits without needing approval or interference from the other spouse….
Art. 109. The following shall be the exclusive property of each spouse: (1) That which is brought to the marriage as his or her own; (2) That which each acquires during the marriage by gratuitous title; (3) That which is acquired by right of redemption, by barter or by exchange with property belonging to only…
1. General Provisions Art. 105. In case the future spouses agree in the marriage settlements that the regime of conjugal partnership gains shall govern their property relations during marriage, the provisions in this Chapter shall be of supplementary application. The provisions of this Chapter shall also apply to conjugal partnerships of gains already established between…
Art. 104. Whenever the liquidation of the community properties of two or more marriages contracted by the same person before the effectivity of this Code is carried out simultaneously, the respective capital, fruits and income of each community shall be determined upon such proof as may be considered according to the rules of evidence. In…
1. Judicial proceeding for estate settlement Art. 103. Upon the termination of the marriage by death, the community property shall be liquidated in the same proceeding for the settlement of the estate of the deceased. x x x 1) When a marriage ends because one spouse dies, the assets that belonged to both of them…
1. ACP Liquidation Procedure a. Step 1: Inventory Art. 102. Upon dissolution of the absolute community regime, the following procedure shall apply: (1) An inventory shall be prepared, listing separately all the properties of the absolute community and the exclusive properties of each spouse. x x x 1) When the absolute community of property between…
1. Concept Art. 101. x x x x x x A spouse is deemed to have abandoned the other when he or she has left the conjugal dwelling without intention of returning. x x x 1) A spouse is considered to have abandoned the other when he or she moves out of their shared home…
Art. 100. The separation in fact between husband and wife shall not affect the regime of absolute community x x x 1) When a husband and wife live apart from each other without going through formal legal proceedings, such as legal separation or annulment, their shared ownership of property under the absolute community of property…