marital assets Archives - Legal Dictionary

Non-Marital Property

March 29, 2015 by: Content Team

Non-marital property is any real or personal property that was owned by either spouse before the marriage. During a divorce, non-marital property is often referred to as “separate property,” and is not subject to distribution between the spouses, but remains the sole property of the spouse who owned it prior to the marriage. There are other instances in which property […]

Equitable Distribution

March 1, 2015 by: Content Team

Equitable distribution in divorce is the legal principle of dividing marital property during the dissolution of marriage. The majority of states recognize the principle of equitable distribution, using it when the court must determine how the property will be divided in the event the divorcing couple is unable to reach an agreement. In divorce, the term “equitable” does not mean […]

Community Property

February 23, 2015 by: Content Team

Community property is a family law term used to refer to all of the personal and real property that a couple acquires during their marriage, which legally belongs to both spouses. If the couple divorces, the community property must be divided and distributed to the parties. The goal in most cases is to achieve an equitable division of the community […]