of Assets, Aragon, Catalonia, Balearic Islands, Navarra, and Valencia. Although the Economic Compensation for Work Reasons has a greater impact in Catalonia and the Balearic Islands, where the automatic marital property regime, in the absence of an agreement, is that of Separation of Assets. When considering a possible Divorce, it is strictly necessary to analyze the impact of the Economic Compensation for Work Reasons, which can be equivalent to a quarter of the difference between the increases in the assets of the spouses or even a greater amount. How can couples choose a specific marital property regime, and what legal processes or documents are involved in making this choice? When getting married, it is very important to choose a marital property regime that responds to the interests of the future spouses. To try to level this imbalance, the Law provides for a figure that is not always considered by those who prefer the Separation of Assets regime. We are talking about the Economic Compensation for Work Reasons, which responds to this situation at the time of liquidation of the regime. This is a right obtained by the spouse who has contributed to the family responsibilities through work at home, caring for cohabiting relatives, or through unpaid or insufficiently paid work for the other spouse, and who therefore has not been able to obtain an increase in wealth comparable to that of someone who has been able to develop their professional career in the labour market. The existence of various special or regional legislation in Spain offers different configurations and methods of quantification of the Economic Compensation for Work. Among the Autonomous Communities that have assumed powers in matters of marital property regime, five of them have regulated the Separation WWW.LAWYER-MONTHLY.COM 7 To choose and regulate the marital property regime, there is a tool that the Law puts at our disposal, the Marital Agreements. The Marital Agreements are a form of contract that includes a set of agreements reached for the regulation of the patrimonial effects, that is, of economic content, that are a consequence of the marriage, whether of the spouses among themselves or of them with third parties. To be valid, the Marriage Agreements must be made before a Notary, they must be recorded in a public document, the deed, and they must be registered in the corresponding Civil Registry. Marriage Agreements can be made before or after getting married. When the Marital Agreements are prior to the celebration of the marriage, the chosen marital property regime will come into force after the celebration of the wedding, which must occur within one year from the signing of the public deed. Once the wedding has been celebrated, the chosen marital property regime will be valid from the signing of the public deed.
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