Page 74 - The Circle of Life

enough to override the usual dispensation. Logically the damages recovered by

the injured spouse become that partner's separate property.

What about the debts of the spouses?

Well, as you know there is one joint estate now. All the assets of both partners

were thrown into this one joint estate and up to 1993 the husband had full
control over it. Thus, and this is the biggest problem with this dispensation, all
the debts owed by either of them must be paid out of the joint estate. This is

even for debts incurred before the marriage. It is silly (my word for stupid). In

plain English you take over your entire spouse's debts and she yours. Many
times when (not if) things go wrong in business or you lose your job the hounds

from hell (debt collectors) will then come after your wife. You can read about the
law and debt in my book Your Worst Enemy where we discuss in great detail

your legal rights against the banksters and other creditors. Of all my books that
is probably the one you should read and pass on to your mates where needed.

What does joint administration of the joint estate means?

You will remember that since 1993 the husband is not in charge of the estate
alone anymore. Both spouses are the joint administrators which means within

reason (safeguards) they can do what they please with it. With the years this
freedom became limited and for now the situation is as follows: You need written

consent (as always without being coerced) from each other before you sell or
give away or mortgage a piece of land. This will include granting servitude rights

like a private road across the property to a third party for it influences its value.
With public roads you have no choice for the government is able to expropriate

the land to build the road which is for the benefit of all. The only problem is
reaching a good price for the land and the cause of much anger. In fact in many

countries the government don't need to pay you one dollar.

You cannot draw money from the other spouses account without permission. Of

course in today's world with ATM's this is not as pertinent as it used to be when

you still had to wait in the queue to draw money. Many spouses have access to
each other's accounts but note this is a private arrangement between the
spouses and strictly not according to the law if not given permission in writing.

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