I have started a divorce proceeding. It was my initiative. My husband, my daughter and I live in a three-room privatized apartment. We have a new car (VAZ) and a garage. What will happen to our property?
According to Art. 34 of the Family Code of the Russian Federation all property acquired during a marriage is considered to be common property of the spouses. Property acquired during the marriage includes income of spouses received from labour activity, entrepreneurial activity and intellectual activity, pensions, allowances and other monetary payments, movable and immovable property acquired during the marriage, securities, participatory interest, deposits, shares in capital contributed to credit organizations or other commercial organizations, as well as other property acquired by the spouses during the marriage irrespective of the fact whose name it is registered on or who contributed the money. Common property shall be divided in accordance with Art. 38 part 3 of the Family Code of the Russian Federation (judicially).
