Question

Mr. Santos and Mrs. Reyes have been married for 10 years. Unfortunately, their relationship has deteriorated to the point where they are considering legal separation. However, instead of opting for absolute community or conjugal partnership of gains, they are contemplating the possibility of judicial separation of property under the Family Code.

Given the above scenario, answer the following questions:

1. What is the concept of judicial separation of property? Provide a brief explanation.
2. Under what circumstances can spouses file for judicial separation of property?
3. What are the effects of judicial separation of property on the spouses' assets and liabilities?
4. Are there any requirements or procedures that spouses need to comply with to obtain judicial separation of property?
5. Discuss the role of the court in granting judicial separation of property in cases involving spouses.