2013年6月14日金曜日

Property system during marital term

The property acquired during a couple is married deems collective property unless it is the inherited property or the property owned by one party before marriage.
Even if a couple buys a real estate and only the husband is registered as owner of the estate, the wife may claim ownership of a half of the estate through property division proceedings.
Property division proceedings shall be hold within 2 years from the divorce of a couple. When they do not come to agreement, they may use mediation system and lawsuit.
If a part of a couple got home loan, the property division generally become complicated, because many banks reject refinance to another partner. 



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