When a marriage or cohabitation ceases, the community of property between the parties also terminates. Either party may claim from the other the division of the community property.

The asset pool comprises all the resources acquired by a couple throughout their marriage or de facto relationship. A balance sheet is a comprehensive record of the assets and liabilities owned by the separated couple. This spreadsheet (the inventory of property) shows the value of each asset at the time of the separation. The date on which the relationship ended is therefore of great importance.
The movable and immovable property must be divided in full.

It is in your best interest to settle the property claims by agreement. Without an agreement, you will have to wait until the divorce decree is final before you can bring a property division action. The costs of such a procedure are significantly higher than if the claims were settled by contract between yourselves.

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