Unless otherwise agreed, the principle of separation of property applies during the marriage. This essentially means that each spouse is the sole owner of what he or she has acquired. However, if the marriage is divorced, the principle of marital property division applies, as this provides for a division of the property. Accordingly, within one year of the divorce becoming final, each spouse has the right to demand the division of marital property and marital savings if no amicable agreement can be reached.
