System of Absolute Community
System of Absolute Community
System of Absolute Community
Chapter 3 Section 1
Rules Governing
Absolute Community
WHAT IF
A Valid Waiver
The waiver must be in a judicial separation
of properties like in legal separation,
declaration of nullity or annulment of
marriage, in action for separation of
properties or for causes provided for by law.
For purposes of binding third persons, who
may be prejudiced by the waiver, it must be
notarized, recorded in the local civil
registrar and in the proper registries of
property.
Chapter 3 Section 2
What Constitutes Community Property
COMMUNITY PROPERTY- Properties included
in the regime of absolute community which
are co-owned by the spouses.
The law provides for two kinds of properties
that shall form part of ACP, namely:
1. All properties owned by the spouses at the
time of the celebration of the marriage
2. All
properties
acquired
after
the
celebration of the marriage (ART. 91)
YES or NO?
Thanks
be to
GOD!