What Would Be The Property Relation Between Live-In Partners?
If the spouses are not
married to each other, how would be their property governed?
When a man and woman, who
are capacitated to marry each other, live exclusively with each other as
husband and wife WITHOUT the benefit of marriage or under a VOID MARRIAGE,
their wages and salaries shall be owned by them in EQUAL SHARES and the
property acquired by both of them through their work or industry shall be
governed by the RULES ON CO-OWNERSHIP.
What is the presumption of
the properties acquired while the common law spouses lived together?
The properties acquired
while the common law spouses lived together shall be presumed to have been
obtained by their joint efforts, work or industry, and shall be owned by them
in EQUAL shares.
Can a party encumber or
dispose his/her share in the property without the consent of the other?
Neither party can encumber
or dispose his/her share in the property acquired during the cohabitation and
owned in common without the consent of the other, until after the termination
of their cohabitation.
What would happen to the
property of the party in bad faith in a void marriage?
The share of the property of
the party in bad faith in a void marriage shall be forfeited in favor of their
common children. If no common child or
any of the children waive the share, each vacant share shall belong to the
respective surviving descendants. If no
descendant at all, the share shall belong to the innocent party.
If both parties suffered
legal impediments to marry, how would their properties be governed?
Only the properties acquired
by both of the parties through their actual joint contribution of money,
property, or industry shall be owned by them in common in proportion to their
respective contributions.
If one of the parties is
validly married to another, what would be the treatment on his/her share of the
property?
It shall be accrued to the
absolute community or conjugal partnership existing in such valid marriage
Source: The Family Code of the Philippines
Comments
Post a Comment