In a prior Divorce blog post, I covered what Equitable Distribution is. Click this link here to read that blog post first before finishing this one. Today we will go over what Marital Property is.
When dealing with Equitable Distribution, one of the of the first things you want to figure out is which property is considered Marital Property. Marital Property (in general and loosely) is property acquired together during the marriage (there are exceptions and alteration rules to this). You and your spouse probably have a lot of stuff. But probably not all of it was acquired during the marriage (or some property may fall within an exception or alteration category). And due to disputes over this, a Court might have to make a final determination regarding any property. Our law firm can help with these types of cases.
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Sean Oster, Esq., M.B.A.
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