ACP MAIN DISTINCTIONS All the properties owned by the spouses at the time of marriage become community property

CPG Each spouse retains his/her property before the marriage and only the fruits and income of such properties become part of the conjugal properties during the marriage Upon dissolution of the partnership, the separate prop of the spouses are returned and only the net profits of the partnership are divided equally between the spouses of their heirs 1. Fruits of conjugal, net fruits of separate 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 1. Brought into marriage as own 2. Gratuitous 3. Redemption, barter, exchange 4. Exclusive money of spouse 1. Debts & obligations w/o consent to extent family benefitted 2. Debts & obligations w/ consent 3. Taxes, liens, charges & expenses on community property 4. Support of spouses, common children, legitimate children of either spouse 5. Expenses for litigation 6. Ante-nuptial debts rounded to benefit of family 7. Expenses for preservation of separate property if used by family 8. Expenses for professional or

Upon dissolution and liquidation of the community prop what is divided equally between the spouses or their heirs is the net remainder of the properties of the ACP CONSTITUTES all the property owned by the spouses at the time of the celebration of the marriage or acquired thereafter

EXCLUDED

CHARGES

1. Property & its fruits/income before marriage who has legitimate descendants from former marriage 2. Exclusive & personal use except jewelry 3. Property, its fruits & income from gratuitous title 1. Debts & obligations w/o consent to extent family benefitted 2. Debts & obligations w/ consent 3. Taxes, liens, charges & expenses on community property 4. Support of spouses, common children, legitimate children of either spouse 5. Expenses for litigation 6. Ante-nuptial debts rounded to benefit of family 7. Expenses for preservation of separate property if used by family 8. Expenses for professional or vocational course

9. Other ante-nuptial debts, support for illegitimate children, liabilities for crime 10.Donated to common legitimate children for professional/vocational/self-improvement

vocational course 9. Donated to common legitimate children for professional/vocational/selfimprovement

TERMINATION

DISSOLUTION

1. Death of spouse 2. Legal separation decree 3. Annulment or nullity declaration 4. Judicial separation of property 1. Inventory of all property 2. Pay debts & obligations 3. Return remainder of separate properties of spouses 4. Divide equally net remainder of ACP 5. Deliver presumptive legitimes 6. Adjudicate conjugal dwelling & custody of children

1. Inventory of all property 2. Credit amounts advanced by CP for payment of personal debts & obligations 3. Reimburse for use of exclusive funds 4. Pay debts & obligations 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