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    ACP V CPG

    Uploaded by

    Anne
    The document compares and contrasts the Absolute Community of Property (ACP) and the Conjugal Partnership of Gains (CPG) regimes in the Philippines. Under ACP, all property acquired during marriage is considered community property and divided equally upon dissolution. Under CPG, separate properties brought into the marriage remain separate, and only profits from those properties and properties acquired during marriage using conjugal funds are considered partnership property subject to equal division. The document outlines the key differences between the two regimes in terms of what constitutes partnership/community property, exclusions, charges against the property, grounds for termination, and dissolution procedures.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    ACP V CPG

    Uploaded by

    Anne
    2K views2 pages
    The document compares and contrasts the Absolute Community of Property (ACP) and the Conjugal Partnership of Gains (CPG) regimes in the Philippines. Under ACP, all property acquired during marriage is considered community property and divided equally upon dissolution. Under CPG, separate properties brought into the marriage remain separate, and only profits from those properties and properties acquired during marriage using conjugal funds are considered partnership property subject to equal division. The document outlines the key differences between the two regimes in terms of what constitutes partnership/community property, exclusions, charges against the property, grounds for termination, and dissolution procedures.

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    ACP v CPG

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    © Attribution Non-Commercial (BY-NC)

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    The document compares and contrasts the Absolute Community of Property (ACP) and the Conjugal Partnership of Gains (CPG) regimes in the Philippines. Under ACP, all property acquired during marriage is considered community property and divided equally upon dissolution. Under CPG, separate properties brought into the marriage remain separate, and only profits from those properties and properties acquired during marriage using conjugal funds are considered partnership property subject to equal division. The document outlines the key differences between the two regimes in terms of what constitutes partnership/community property, exclusions, charges against the property, grounds for termination, and dissolution procedures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    ACP V CPG

    Uploaded by

    Anne
    The document compares and contrasts the Absolute Community of Property (ACP) and the Conjugal Partnership of Gains (CPG) regimes in the Philippines. Under ACP, all property acquired during marriage is considered community property and divided equally upon dissolution. Under CPG, separate properties brought into the marriage remain separate, and only profits from those properties and properties acquired during marriage using conjugal funds are considered partnership property subject to equal division. The document outlines the key differences between the two regimes in terms of what constitutes partnership/community property, exclusions, charges against the property, grounds for termination, and dissolution procedures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ACP CPG

    MAIN DISTINCTIONS All the properties owned by the spouses at the time of Each spouse retains his/her property before the
    marriage become community property marriage and only the fruits and income of such
    properties become part of the conjugal properties
    during the marriage
    Upon dissolution and liquidation of the community prop what Upon dissolution of the partnership, the separate
    is divided equally between the spouses or their heirs is the net prop of the spouses are returned and only the net
    remainder of the properties of the ACP profits of the partnership are divided equally
    between the spouses of their heirs
    CONSTITUTES all the property owned by the spouses at the time of the 1. Fruits of conjugal, net fruits of separate
    celebration of the marriage or acquired thereafter property
    2. Occupation hunting or fishing
    3. Livestock in excess
    4. Acquired w/ conjugal funds
    5. Hidden treasure
    6. Labor, industry, work, profession
    7. Chance
    EXCLUDED 1. Property & its fruits/income before marriage who has 1. Brought into marriage as own
    legitimate descendants from former marriage 2. Gratuitous
    2. Exclusive & personal use except jewelry 3. Redemption, barter, exchange
    3. Property, its fruits & income from gratuitous title 4. Exclusive money of spouse

    CHARGES 1. Debts & obligations w/o consent to extent family benefitted 1. Debts & obligations w/o consent to extent
    2. Debts & obligations w/ consent family benefitted
    3. Taxes, liens, charges & expenses on community property 2. Debts & obligations w/ consent
    4. Support of spouses, common children, legitimate children 3. Taxes, liens, charges & expenses on
    of either spouse community property
    5. Expenses for litigation 4. Support of spouses, common children,
    6. Ante-nuptial debts rounded to benefit of family legitimate children of either spouse
    7. Expenses for preservation of separate property if used by 5. Expenses for litigation
    family 6. Ante-nuptial debts rounded to benefit of
    8. Expenses for professional or vocational course family
    9. Other ante-nuptial debts, support for illegitimate children, 7. Expenses for preservation of separate
    liabilities for crime property if used by family
    10. Donated to common legitimate children for 8. Expenses for professional or vocational course
    professional/vocational/self-improvement 9. Donated to common legitimate children for
    professional/vocational/self-improvement
    TERMINATION 1. Death of spouse
    2. Legal separation decree
    3. Annulment or nullity declaration
    4. Judicial separation of property
    DISSOLUTION 1. Inventory of all property 1. Inventory of all property
    2. Pay debts & obligations 2. Credit amounts advanced by CP for
    3. Return remainder of separate properties of spouses payment of personal debts & obligations
    4. Divide equally net remainder of ACP 3. Reimburse for use of exclusive funds
    5. Deliver presumptive legitimes 4. Pay debts & obligations
    6. Adjudicate conjugal dwelling & custody of children 5. Return remainder of separate properties
    of spouses
    6. Indemnify loss of deterioration of
    movables
    7. Divide equally net remainder of ACP
    8. Deliver presumptive legitimes
    9. Adjudicate conjugal dwelling & custody of
    children

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