Article 199: In the absence of stipulation to the contrary, the community shall consist of all present and future property of the spouses not excepted by law.
EXPLANATION:
The article above means that if there is absence of agreement on doing the opposite of what is expected or wanted, or in other words IF THERE IS NO AGREEMENT at all, the property relations shall consist of all the present and future property of the spouses, which is not stated in the law. As stated in the Revised Code 1999 of Family Code of the Philippines, Article 89, “ No waiver of rights, interest, shares and effects of the absolute community of property during the marriage can be made except in the case of judicial separation of property.
When the waiver takes place a judicial separation of property, or after the marriage has been dissolved or annulled, the same shall appear in a public instrument and shall be recorded as provided by law. The creditors of the spouse who made such waiver may petition the court to rescind the waiver to the extent of the amount sufficient to cover the amount of their credits.
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