For couples that have married since Jan. 1, 1974, the provisions of the Property Relations Law shall apply. In other words all property accumulated from the day of their marriage up until the date of their split shall belong to both sides in equal portions.
Naturally this is assuming the sides have not signed a property relations agreement, while still married, stipulating otherwise.
We shall review a number of differences between the nature of joint ownership, for couples that have married before Jan. 1, 1974, and the Property Relations Law that applies to couples married after Jan. 1, 1974.
In contrast with joint ownership, in which each spouse can claim his/her portion of property, for couples married after the effective date of the Property Relations between Spouses Law, there is a delayed balancing of resources. In other words a spouse can demand his/her portion only in the event that the marriage is nullified due to divorce or death.
According to the Property Relations between Spouses Law – all property accumulated during the course of the marriage is divided equally between the spouses; however all property originating from before the marriage and/or benefits paid as a result of corporal damage and/or property received as a gift or inheritance belongs to the spouse who brought the property into the marriage, unless otherwise agreed upon.
Indeed, according to the Property Relations between Spouses Law, ownership of property obtained by a spouse prior to the marriage is rightfully that spouse’s; however a change might be made in this rule in the future.