Whilst assets which are acquired by way of gift or inheritance from a third party during the marriage are generally excluded from the definition of matrimonial property, if there is a change in nature of
the asset during the course of the marriage, the asset could be converted into matrimonial property.
Not exact matches
Any
assets acquired
during the
course of a
marriage may be eligible for equitable distribution.
In Scots law, if an inherited
asset is not «converted» to matrimonial property
during the
course of the
marriage, it can not be taken into account in the financial division.
For one thing, it's likely more
assets will have been acquired
during the
course of a long - term
marriage than
during the
course of a short - term
marriage.
Marital property is any
asset acquired by either spouse
during the
course of the
marriage.
The English courts view
marriage as a partnership and will look to share the
assets built up
during the
course of the
marriage.
And it will tend to care more about immediate needs than about whether
assets were acquired
during the
course of the
marriage, or predate it, or are the result
of an inheritance.
Those
assets acquired by you
during the
course of your
marriage are characterized as community property.
Marital property is defined as any property obtained
during the
course of the
marriage and does not include inheritances, gifts or
assets acquired after separation.
In general, any property or
assets acquired
during the
course of a
marriage is considered marital property.
Like other
assets, pension may be transferred from one spouse to another in cases
of divorce to the extent that part
of the pension was acquired
during the
course of the
marriage.
However, if separate
assets have increased in value
during the
course of the
marriage, the increase in value is considered as marital property.