Glossary entry

English term or phrase:

Matrimonial Property Release

English answer:

exemption of matrimonial property from equitable distribution

Added to glossary by Wilsonn Perez Reyes
Apr 20, 2017 01:32
7 yrs ago
12 viewers *
English term

Matrimonial Property Release

English Law/Patents Law: Contract(s) Premarital Agreement
This appears in a Premarital Agreement.

I wonder if "Matrimonial Property Release" is the same as "Matrimonial Property Settlement" (In Spanish: Liquidación del régimen patrimonial).

A matrimonial property settlement is the division of property arising out of a marriage.
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***MATRIMONIAL PROPERTY RELEASE*** 11. The Parties covenant and agree that they are aware of the equitable distribution laws of the State of Utah, and that it is their intention that the equitable distribution laws will not apply to the status, ownership, interest and division of their property, either jointly or separately owned, nor to their future property, whether real or personal, and owned by either one or both of them, and the Parties further covenant and agree that it is their desire and intent by the terms of this Agreement to contract out of the equitable distribution laws of the State of Utah, and to make a full and final settlement of all matters of property, both real and personal, previously and presently owned by either of the Parties or to be acquired by either of the Parties in the future.

Responses

+3
5 hrs
Selected

exemption of matrimonial property from equitable distribution

It refers to exemption of matrimonial property from equitable distribution. They agree that their matrimonial property will not be subject to equitable distribution.
The below link is about "equitable distribution of matrimonial property".
https://www.melvinlaw.com/equitable-distribution/
Peer comment(s):

agree Tina Vonhof (X) : Good source.
7 hrs
Thank you!
agree AllegroTrans
9 hrs
Thank you!
agree Yvonne Gallagher
15 hrs
Thank you!
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4 KudoZ points awarded for this answer. Comment: "This answer makes more sense."
+1
11 mins

release/exclusion of matrimonial property from joint marital ownership rights

IMO...
Peer comment(s):

neutral AllegroTrans : it's not really about rights, but more about distribution of property after the couple separate
14 hrs
Thank you.
agree acetran
1 day 7 hrs
Thank you.
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