Search results
Results from the WOW.Com Content Network
The assets and liabilities of the official, his or her spouse, and any unmarried children under 18 who are living at home, must be included. [3] Real property must be listed with the "description, kind, location, year and mode of acquisition, assessed value, fair market value, acquisition cost of land, building, etc. including improvements ...
Continue reading → The post How to Buy a House as an Unmarried Couple appeared first on SmartAsset Blog. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
The Civil Code of the Philippines is the product of the codification of private law in the Philippines. It is the general law that governs family and property relations in the Philippines. It was enacted in 1950, and remains in force to date with some significant amendments .
The Family Code covers fields of significant public interest, especially the laws on marriage.The definition and requisites for marriage, along with the grounds for annulment, are found in the Family Code, as is the law on conjugal property relations, rules on establishing filiation, and the governing provisions on support, parental authority, and adoption.
If a couple buys a house together after marriage, it is considered marital property. In community property states, the home and its equity are typically split 50/50 between the spouses.
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
Common-law marriage, also known as non-ceremonial marriage, [1] [2] sui iuris marriage, informal marriage, de facto marriage, more uxorio or marriage by habit and repute, is a marriage that results from the parties' agreement to consider themselves married, followed by cohabitation, rather than through a statutorily defined process.
Whether a cohabiting couple (such as in a domestic partnership) have a civil status of "married" depends on the circumstances and the jurisdiction. In addition to those who have never married, single status applies to people whose relationship with a significant other is not legally recognized.