Comprehending the impact of marriage regimes.
Our clients are often reminded of the importance of their matrimonial regime when we work with them on asset management and organization.
Does community consist of acquests, universal community, or division of property?
It's not easy to comprehend the differences between all these agreements and the effect they will have on the couple's assets when they break up, whether it's due to death.
What is the meaning of community when it's reduced to accomplishments?
Knowing which assets and property are owned by whom is necessary to safeguard your wealth in the event of your spouse's death or divorce.
Regardless of the name registered on the bank account or in the statutes of a company, it is important to remember one thing
Couples who marry without concluding a marriage contract are called accquests.
The property is arranged in three groups, with the common property on one hand and each spouse's property on the other.
Assets (such as houses, businesses, cars, etc.) acquired during marriage, either by both spouses or one of them, are commonly owned. Mr's once-married company, which he believes possesses 100% of the titles, is now also owned by Mrs! The frequency of professional income, which is generated by the spouse's own assets, is particularly frequent.
The number of personal items owned by each spouse prior to marriage and any property acquired through gift or inheritance during the marriage is restricted. Joint property can be managed by both spouses independently and earnings and salaries can be freely used to pay for marriage expenses. A common good cannot be provided without the agreement of one's spouse.
Family housing is particularly protected: whether it's their own or shared, spouses are not allowed to manage or dispose of it on their own.
What is the governing body of the universal community?
We provide an explanation of the nature and risks of this matrimonial regime in this paragraph.
The property that spouses own on their wedding day in the universal community system. A single mass is formed by those who will be acquired or received. Both have common heritage and liabilities.
If one of the spouses engages in entrepreneurial activity, this regime is not recommended as the entire estate could be dedicated to potential creators.
The spouse with little assets can benefit from this protection, as they will be given half of their husband's property. If a full attribution clause is provided, it can be used for anything in this scenario, the survivor will receive all joint assets upon their first death. Individuals who want to maintain their lifestyle after their spouse dies or have a modest heritage can benefit from this clause.
On the flip side, it is illegal for children to inherit only after their second parent dies, who is eligible for a single tax deduction instead of one per parent?
There is a way to protect both the spouse and the children without causing harm by not giving full credit. Establish a withdrawal clause that restricts withdrawal to specific assets, either in full ownership or usufruct, so that the spouse can select the assets they want to keep.
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