all property owned by the parties to a divorce, no matter when or from whom it was acquired.
Generally, all property acquired during the marriage.
Marital property is subject to division by the court in a divorce. Marital property includes accumulated income and property acquired by spouses or commingled separate assets during the marriage. Determining what is and what is not marital property can be very complex.
In general usage, property acquired by a married couple during the marriage from their separate or joint efforts including wages, profits, etc. Marital Property is similar to what would be community property if the couple had resided in a community property state. Marital Property does not include gifts, inheritances or assets acquired prior to marriage. Determination of the Marital Property was formerly a key step in calculating the Elective Share in Utah. The present Elective Share Statute does not directly refer to Marital Property, but the formula it utilizes classifies assets according to Marital Property concepts.
interest in property acquired by the spouses during the marriage which is to be divided between the parties at divorce.
All property acquired during the course of the marriage regardless of who owns it or who has title to it. Includes property such as houses, real estate, pensions, stocks, bonds, and household goods. Marital property does not generally include property that was acquired by either spouse prior to the marriage.
During a divorce, the division of marital property is likely to become an important concern. Marital property generally includes all assets acquired during the marriage, even if these assets as listed in only one spouseâ€(tm)s name. If property that you owned before your marriage has been mixed with marital property, it is now considered to be a marital asset. For example, if you had a savings account in your name before your marriage, it would be marital property if you allowed your spouse to make deposits or withdrawals at any point during the marriage.
Marital property is defined as all assets acquired during the marriage and prior to the date of separation. All marital property is subject to fair distribution between the marital partners. However, in NC, this right to equitable distribution is not automatic, so one or both spouses must specifically claim it prior to a divorce judgment.
Property that courts divide in equitable distribution.
includes all property acquired during the marriage, even if it is not titled in both names, with some exceptions, See Annotated Code of Maryland, Family Law Article, Section 8-201(e) for definition and Sections 8-203 through 8-205 for how the court treats marital property.
Property ownership recognized in Wisconsin that views the married couple as a single unit. It establishes ownership rights and the right to manage and control the property. Marital property is the real and personal property of all married persons.
Under the Wisconsin Marital Property Act, property accumulated by either spouse during the marriage due to the efforts or income generated during marriage after the determination date.
Property acquired by a married couple, also called community property in certain states.
Any property, regardless of which person is named as owner, that the Plaintiff or Defendant obtained from the date of marriage to the beginning of the divorce action. A house, car, IRA, bank account(s), pension, annuity, business and advanced degree are all examples of marital property. However, an inheritance, a gift from someone other than your spouse, compensation for personal injuries, may be deemed separate property. (See Separate Property)
Most of the property accumulated by spouses during a marriage, called community property in some states. States differ as to exactly what is included in marital property; some states include all property and earnings dring the marriage, while others exclude gifts and inheritances.