Settlement

15 May Settlement

SETTLEMENT

…………………………… and ……………………….. between, made … /…./…./ due to the marriage contract dated, the parties have declared their acceptance of the separation of property regime between them, effective from the date of marriage, on the basis of the explicit authority given by the law on the validity and implementation of the Turkish Civil Code, within the legal limits stated below.

Each of us shall have the right, within legal limits, to manage, exploit and save his personal property. Another person shall not have the right to manage and save on the other spouse’s Securities and real estate and any personal assets.
Items found in the personal use of each of us and 3. Claims for moral and material compensation from persons shall legally constitute the personal property of each of us, and the other shall have no say over these claims.
Pardons, 3. The inheritance rights and shares from the persons and the gratuitous gains of the third persons shall be included in the personal goods section, and the other shall not have the right to use, manage and save them as per the principle of separation of goods.
The party claiming that a particular property belongs to him shall be obliged to prove his claim. Otherwise, the goods that cannot be proved belonging will be counted as the goods that are in our shared ownership.
Each spouse shall be fully responsible for his or her own property due to his or her debts, and the debtor of another shall not be able to make any savings. Each of us shall be fully responsible for the debts we have incurred based on the authority to represent and govern the marriage union, for the debts we have incurred due to the execution of a profession or art, and for the debts which give rise to personal responsibility for one of us, and for the debts we have incurred in agreement with third parties.
In the event that each of us performs a profession or art, the right to take all legal actions related to this profession and art, to use its income and to save it belongs to that person, and the right to have a say and have no relation to the performance and income of this profession and art of another.
Social Security or social assistance institutions or by private insurance companies which is made by lump-sum payments, compensation and loss compensation receivables compensation paid therefore the power of business with a lump sum payment or a lifetime annuity by the Social Security Institution or private insurance company instead of a personal property and this income will be considered for linking by the other spouse will not be entitled to manage the savings of
Likewise, bills, bonds, official bonds, repo, stock market, interest, rental income such as bank interest and income receivables and collections executive and here in the broadest sense or that the delimiter is counted as brings all gains due to separation of property, personal property will be accepted in the concept of the rights and receivables of the other spouse and with the authority to manage and use in any way the savings will be found.
In the event of the end of the property regime, each of us will get back his own property, which is in the possession of the other. In addition, the person who proves to be of superior benefit, among other measures, may request that the property in our share ownership be given to him by giving the equivalent of the share belonging to the other on the day of payment.
If the marriage is annulled or ended by a divorce decision, the family is entitled to stay in the said residence and to use household items, which are specific to the common use and which are equally shared between the spouses., ………………………………………. will continue.
In the event of the death of one of us, according to the property separation regime, the property of each spouse will be given to their heirs. The parties may agree to change the legal share.