All ▸ Bar 2024 ▸ CIVIL LAW ▸ III. PERSONS AND FAMILY RELATIONS ▸ K. Property Relations Between Spouses (Family Code, arts. 74-81) ▸ 2. Marriage Settlements - Family Code, arts. 75-81 ▸ b. Conjugal Partnership of Gains Regime - Family Code, arts. 105-133

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Marriage Settlements: Conjugal Partnership of Gains Regime

Scenario:

John and Jane got married and decided to enter into a conjugal partnership of gains regime. They have been married for five years when John inherited a valuable piece of land from his late grandfather. Jane, on the other hand, started her own business and earned substantial profits from it.

Considering the provisions of the Philippine Family Code, answer the following questions:

How will the inheritance of the land be treated in the conjugal partnership of gains regime? (2 points)
Will Jane's business profits be considered as conjugal or exclusive property? Explain. (3 points)
In case of dissolution of their marriage, how will the conjugal partnership of gains be liquidated? (5 points)

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