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What is the system of Separation of Property and what are its characteristics?
Created Jun-5-2015
Owner admin
QUESTION What is the system of Separation of Property and what are its characteristics?

In a system of Separation of Property, future husband and wife agree on complete separation of properties which may refer to present or future properties or both and it may be total or partial in which case properties not agreed upon as separate shall pertain to the absolute community.

The future husband and wife shall each remain the owner of the properties designated to each of them and shall be solely responsible for their disposition, administration and enjoyment. Earnings from the profession, business or industry of each spouse shall belong exclusively to such future spouse. However, they shall proportionately bear the family expenses, including the rearing and education of future children that may be begotten or that may be adopted during the marriage. This agreement shall be covered in a settlement agreement or ante nuptial agreement where the future spouses will have to prepare and sign before the celebration of the marriage.