What impact does it have on your assets?
In Mauritius, the matrimonial property regime plays a crucial role in the acquisition and management of assets within a marriage. This choice will have a significant impact on the ownership of assets acquired during the marriage, as well as on their division in the event of divorce or death.
Mauritian law recognizes two matrimonial regimes, each with its own implications on property and assets. Here is an overview of the matrimonial regimes in force in Mauritius.
1. Community of Property (reduced community of acquests)
This is the default matrimonial regime for couples who do not sign a marriage contract. Assets acquired before marriage remain the property of each spouse, while assets acquired during the marriage (salaries, income, etc.) are considered joint property, belonging to both spouses in joint ownership. In the event of divorce, these assets are shared equally. Decisions concerning property must be taken jointly by both spouses.
2. The System of Separation of Property
Under this system, each spouse retains full ownership of his or her assets, whether acquired before or during the marriage. Each spouse manages his or her assets independently, which can be advantageous for preserving financial autonomy. In the event of divorce, assets remain the property of the spouse who acquired them, unless otherwise agreed.
For further information, the DECORDIER immobilier Grand Bay agency can help you with all your real estate projects:
DECORDIER immobilier Grand Baie
Phone : +230 268 2828
E-mail : contact@decordier-immobilier.mu
Website : www.decordier-immobilier.mu