Sentences with phrase «assets during the course of your marriage»

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.