What is the purpose of a marriage contract?
According to the general rule (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. According to Art. 256 part 1 of the Civil Code of the Russian Federation all property acquired during a marriage is considered to be common property of the spouses unless otherwise provided for by a marriage contract. A marriage contract is concluded when spouses want to establish a different ownership regime, e.g. they want to establish joint, participatory share or separate ownership to their common property, each spouse’s property or certain types thereof.