Community Property Systems
- community of property - only marital property is owned in joint tenancy, save for gifts and inheritances. (also known as a ganancial community of property or conjugal partnership of gains (Philippines)) (Fr communauté réduite aux acquêts, Sp sociedad de gananciales, Du gemeenschap van aanwinst van goederen, gemeenschap van vruchten en inkomsten, Ger Errungenschaftsgemeinschaft, Ita comunione degli acquisti)
- community of profit and loss - similar to above but liabilities ("loss") are separate. (Du gemeenschap van winst en verlies)
- community of personal and marital property - community consisting of marital property and pre-marital personalty. (Fr communauté de meubles et acquêts, Ger Fahrnisgemeinschaft).
- limited community of property - similar to community of property but with certain marital property being separate. (Fr communauté de biens limitée, Du beperkte gemeenschap van goederen)
- universal community of property - all pre-marital and marital property is owned in joint tenancy. (also known as absolute community of property (Philippines)) (Fr communauté universelle, Sp comunidad absoluta de bienes, Du algehele gemeenschap van goederen, Ger Gütergemeinschaft, It comunione universale dei beni)
Read more about this topic: Matrimonial Regime
Famous quotes containing the words community, property and/or systems:
“... no community where more than one-half of the adults are disfranchised and otherwise incapacitated by law and custom, can be free from great vices. Purity is inconsistent with slavery.”
—Tennessee Claflin (1846–1923)
“Only the old are innocent. That is what the Victorians understood, and the Christians. Original sin is a property of the young. The old grow beyond corruption very quickly.”
—Malcolm Bradbury (b. 1932)
“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)