This term has significant importance in 90% of divorces.
Marital property is all property acquired during the marriage from the date of the marriage to the date of divorce except for gifts or inheritances from a third person. Non-marital property is the opposite of marital propertyand often it has the following characteristics: it was obtained before the marriage, it was inherited or gifted to a spouse before or after the marriage.
The courts utilize specific factors in determining an equitable division of marital property. Many clients come to our offices with varying beliefs concerning what their equitable division should be. Our goal is to inform you regarding reasonable and achievable objectives and a strategy to obtain results. Initially, there is significant gathering of information relating to assets and liabilities, including tracing or locating assets that may have been converted, diverted, or diminished. The courts do not favor a spouse whose behavior is an attempt to prevent the other spouse from receiving a fair and equitable division of marital property.