Conjugal Partnership of Gains Flashcards
What shall govern over the already established conjugal partnership of gains before the effectivity of the Family Code? Is there an exception?
The provisions on the Chapter of Conjugal Partnership of Gains shall govern the conjugal partnerships of gains already established before the effectivity of the Family Code. The exception is only when it prejudices vested rights already acquired in accordance with the Civil Code.
What shall be placed in the common fund of the spouses in a conjugal partnership?
Article 106 FC:
- proceeds;
- products;
- fruits; and
- income from the separate properties of the spouses or both spouses through their efforts or by chance.
art 106 FC: Under the regime of conjugal partnership of gains, the husband and wife place in a common fund the proceeds, products, fruits and income from their separate properties and those acquired by either or both spouses through their efforts or by chance, and, upon dissolution of the marriage or of the partnership, the net gains or benefits obtained by either spouses shall be divided equally between them, unless otherwise agreed in the marriage settlements.
In case of dissolution, how shall the net gains of the conjugal property be divided?
Art 106: Upon dissolution of the marriage or of the partnership, the net gains or benefits obtained by either or both spouses shall be divided equally between them, unless otherwise agreed in the marriage settlements.
What are the exclusive properties of each spouse?
Art. 109: The following are the exclusive properties of each spouse:
- That which is brought to the marriage as his or her own;
- That which each acquires during the marriage by gratuitous title;
- That which is acquired by right of redemption, by barter or by exchange WITH PROPERTY BELONGING TO ONLY ONE OF THE SPOUSES; and
- That which is purchased with the exclusive money of the wife or husband.
How shall the spouses administer their exclusive properties?
Art 110 FC: The spouses retain the ownership, possession, administration and enjoyment of their exclusive properties.
May the either spouse transfer the administration of his or her exclusive property to the other spouse?
Yes, the other spouse may transfer the administration of his or her exclusive spouse during the marriage.
Art 110 par 2 FC: Either spouse may, during the marriage, transfer the administration of his or her exclusive property to the other by means of a public instrument, which shall be recorded in the registry of property of the place where the property is located.
How shall the transfer of administration of an exclusive property from the spouse to the other spouse be executed?
The transfer shall be executed by means of a public instrument, which shall be recorded in the registry of property of the place where the property is located. (art 110 par 2 FC)
May a spouse subject his or her own property to an encumbrance?
Yes, either spouse may mortgage, encumber, alienate or otherwise dispose of his or her exclusive property (art 111 FC)
May a spouse encumber, alienate, or dispose of his or her exclusive property which is under the administration of the other spouse? what shall be the effect?
Yes, according to art 112 of the family code, the alienation of any exclusive property of a spouse administered by the other automatically terminates the administration over such property and the proceeds of the alienation shall be turned over to the owner-spouse.
Who shall own property donated or left by will to the spouses?
Art 113 FC: Property donated or left by will to the spouses, jointly and with designation of determinate shares, shall pertain to the donee-spouse as his or her own exclusive property, and in the absence of designation, share and share alike, without prejudice to the right of accretion when proper.
Who shall bear the charges if the donations are onerous?
The exclusive property of the donee-spouse. Under art 114 of the FC: If the donations are onerous, the amount of the charges shall be borne by the exclusive property of the donee-spouse, whenever they have been advanced by the conjugal partnership of gains.
What shall be governed by rules on gratuitous or onerous acquisitions (in a CPG property regime)?
Retirement benefits, pensions, annuities, gratuities, usufructs and similar benefits shall be governed by the rules on gratuitous or onerous acquisitions as may be proper in each case. (art 115 FC)
What are presumed to be conjugal partnership property?
All property acquired during the marriage, whether the acquisition appears to have been made, contracted or registered in the name of one or both spouses, is presumed to be conjugal unless the contrary is proved. (art 116 FC)
What is the exception to the general rule:
“All property acquired during the marriage, whether the acquisition appears to have been made, contracted or registered in the name of one or both spouses, is presumed to be conjugal”?
The exception to the genera rule on the presumption of conjugal property is when the contrary is proved.
What shall form part of the conjugal partnership property?
Under art 117 of the family code: The following are conjugal partnership property:
- Property acquired by onerous title DURING the marriage at the expense of the common fund, whether the acquisition be for the partnership, or for only one of the spouses;
- Property obtained from the labor, industry, work or profession of either or both of the spouses;
- The fruits, natural, industrial, or civil, due or received DURING the marriage from the COMMON PROPERTY, as well as the NET FRUITS from the exclusive property of each spouse;
- The share of either spouse in the hidden treasure WHICH THE LAW AWARDS TO THE FINDER OR OWNER OF THE PROPERTY WHERE THE TREASURE IS FOUND;
- Those acquired through occupation such as fishing or hunting;
- Livestock existing upon the dissolution of the partnership in excess of the number of each kind brought to the marriage by either spouse (total chickens in marriage - total chickens single);
- Those which are acquired by chance, such as winning from gambling or betting. However, losses therefrom shall be borne exclusively by the loser-spouse.
When shall the ownership of property bought on installments be under the conjugal partnership, and when shall it be exclusive?
If ownership of property is vested during the marriage and the installment is paid either (1) purely from conjugal funds or (2) partly from exclusive funds of either or both spouses and partly from conjugal funds.
The ownership of the property shall be exclusive if ownership was vested before the marriage.
Art 118 FC: Property bought on installments paid partly from exclusive funds of either or both spouses and partly from conjugal funds belongs to the buyer or buyers if full ownership was vested before the marriage and to the conjugal partnership if such ownership was vested during the marriage. In either case, any amount advanced by the partnership or by either or both spouses shall be reimbursed by the owner or owners upon liquidation of the partnership.