Legal Glossary
What does marriage out of community of property without the accrual system mean
Definition
A matrimonial property system in which spouses retain separate ownership of their assets and liabilities throughout the marriage.
The spouses have their own estates which contain property and debts acquired prior to and during the marriage (“what is mine is mine and what is yours is yours”). Each spouse is separately liable to his/her creditors. Prior to the marriage, an ante nuptial contract must be entered into to indicate that the marriage will be out of community of property.