Separation of Property
Assets remain fully separate.
Under a separation of property agreed by marriage contract, there is no equalization of accrued gains. Each spouse keeps their assets entirely, even in the event of divorce. This can be sensible, but it has consequences for inheritance law and taxes.
The relevant statutes
§ 1414 BGB
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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.