When two people marry in Taiwan, are their assets considered Conjugal Partnership, Absolute Community or Absolute Separation?
I am not sure if I am using these terms properly, so here is how I understand them:
In Conjugal Partnership, both wife and husband retain full (100%) ownership of their properties that each owned before marriage, and split those they acquire during marriage 50%-50%
In Absolute Community, once the happy couple is married, all of their assets are shared 50%. So even if they split up the next day, your spouse has a claim on half of everything you had/have
In Absolute Separation, unless they explicitly share rights to a property, like business partners, the married couple do not have any claim on each other’s assets
I believe some states in the US have Conjugal Partnership (California?). Others have Absolute Community, unless you have a pre-nuptual agreement that declares that the married couple prefers a Conjugal Partnership.
What is the prevailing condition Taiwan?