Marriage in community of property 1

 

Certain assets do not form part of the joint estate

 

         Certain assets do not form part of the joint estate, namely:

         Assets which are specifically excluded from community of property ;

   Donations and inheritances which are expressly excluded from community of property by the testator/testatrix or donor;

       Assets acquired subject to a fideicomissum or usufruct. However, the fruits of such assets will form part of the joint estate unless such fruits are also specifically excluded therefrom;

         Any amount recovered by a spouse by way of damages for non-patrimonial loss;

 

         Certain life insurance policies.

Written by Louwrens Koen Wednesday, 01 February 2017 Posted in Antenuptial Contracts
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