A Marriage in a Community of Property is a type of marital regime where the spouses elect to have only one estate, and all assets and liabilities are equally shared.
Marriages Out of Community of Property Where the Accrual is Expressly Excluded
Donate to another person any asset of the joint estate or alienate such an asset without value, excluding an asset of which the donation or alienation does not and probably will not unreasonably prejudice the other spouse’s interest in the joint estate. No consent is required when a spouse in the ordinary course of their profession, trade, or business acts or concludes a contract to alienate immovable property, receive credit, alienate shares, buy land and sign surety, and institute or defend legal proceedings without the spouse’s consent.
Learn more about: Married in Community of Property
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