The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
MAY YOU RELY ON FUTURE INHERITANCE TO SECURE A LOAN?
A future heir cannot enter into a contract regarding his future inheritance
Contracts entered into regarding future inheritance is void
A future inheritance cannot be waived
PROPERTY REGIME OF UNIONS WITHOUT MARRIAGE (PART II)
The properties acquired by common-law spouses, who are incapacitated to marry each other, through their actual joint contribution of money, property, or industry shall be owned by them in common in proportion to their respective contributions.
If the actual contribution of the party is not proved, there will be no co-ownership and no presumption of equal shares.
If one of the parties is validly married to another, his or her share in the co-ownership shall accrue to the absolute community or conjugal partnership existing in such valid marriage.
WHAT IS LEGITIME?
A person executing a Will may not donate some parts of his property
The law can interfere with how a person dispose his property
With or without a Will, an heir can still inherit from a person who has died
MAY AN HEIR BE SUBSTITUTED?
An heir may refuse to accept inheritance
A testator may impose conditions when designating a person to inherit his property
A testator may appoint another heir to substitute the first heir