Sentences with phrase «gifts during marriage»

Property owned before marriage, individual gifts during marriage and inherited property are separate property and not subject to division.

This is also the case if one spouse receives an inheritance or gift during the marriage.

Funds received as a gift during the marriage may also be considered separate property.

Property acquired by gift during the marriage, unless the gift is explicitly made to both spouses jointly

Separate property includes assets that either spouse had before the marriage, as well as assets received as an inheritance or gift during the marriage.

In contrast, separate property is property acquired by one spouse before the marriage or through inheritance or gift during the marriage.

Most states take the position that property acquired by either spouse before the marriage, as well as most property received as inheritance or gift during the marriage, is deemed «separate property» and not subject to division.

Not exact matches

I am a Christian and I learned that sex is a gift from God to be indulged in during marriage.

Sometimes parents can put each other on the back burner during those first few months, but a thriving marriage truly is the best gift that parents can give their children.

«A gift made during marriage is exempt from family property, unless it goes into the matrimonial home,» says Olkovich, the lawyer.

Any property that you acquired before marriage or through gift or inheritance during the marriage is considered your separate property and is not subject to division.

The Pennsylvania Divorce Code establishes the presumption that marital property includes «all property acquired by either party during the marriage [without regard to title], including the increase in value... of any nonmarital property acquired [prior to marriage or by gift, bequest, devise or descent].»

(There are circumstances when a post-nup can make sense for a spouse to voluntarily enter into after marriage, for example, to make rich relatives comfortable including a person in their Will or making a large gift to one of the spouses that is intended to stay in the family but will benefit the spouse during the marriage and the couple's children, but the facts in the question don't naturally suggest any of those circumstances.)

Any assets acquired during your marriage are community property unless they were specifically a gift or inheritance to one party.

A spouse can convert separate property into marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage, and will treat the property as jointly owned.

Marital property can sometimes be difficult to identify, but it generally includes all property acquired by either spouse during the marriage, except for property acquired by gift or inheritance.

Property is separate if a spouse owned it before marriage or acquired it during marriage by gift or inheritance.

Gifts or inheritances to either spouse during the marriage is non-marital property.

Separate property generally described as spouses property which is owned by that spouse before marriage or was acquired during marriage by gift or inheritance.

The most significant exception to this general community property rule pertains to property acquired by gift to a particular spouse or through a spouse's inheritance during the marriage.

A spouse can convert separate property to marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage.

Certain types of property remain the separate property of only one spouse, including property each spouse owned before marriage or acquired during marriage by gift (not including gifts from the other spouse) or by inheritance, as well as property falling into one of the following categories:

Marital property is that which is acquired during marriage, while separate property is what a spouse owns prior to marriage or acquires by gift or inheritance during the marriage.

Items that are not joint property under the statutory regime comprise premarital assets, inheritances and gifts acquired during the marriage, and chattels acquired by a spouse during the marriage for normal personal use or for the exercise of a profession.

According to the Kentucky Revised Statutes Chapter 403.190, separate property includes bequests, gifts or devises either brought into the marriage by one party or obtained during the marriage.

If one spouse owned property before the marriage, or received gifts, inheritance or money from a motor vehicle accident before or during the marriage, that has increased in value during the course of the marriage, the Court has the ability to use its discretion to divide up any increase in the value of the property, although the principal amount will belong to just the one spouse.

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.

The lesson to be drawn from this research is crystal clear: investing in your marital relationship now during the «magic window» — the year before and after marriage — may be the best wedding gift you could ever receive!

For instance, a wedding ring is usually presumed to be a gift but courts have found that an expensive diamond bought during the marriage was not a gift but an investment and so not separate but community property.

Separate property means gifts and inheritances received during the marriage as well as property acquired before the marriage.

It should also indicate all separate property, which includes any property owned before marriage, as well as property individually acquired by gift or inheritance during the marriage.

It could also include property given only to one spouse during the marriage, like a gift made to the husband alone or an inheritance that the wife received.

Separate property is all property owned or claimed by a spouse before marriage; the property acquired by a spouse during marriage by gift, devise, or descent; and the recovery for personal injuries sustained by a spouse during marriage, except any recovery for loss of earning capacity during marriage.

Property acquired by either spouse before the marriage, or acquired individually during the marriage (such as a gift or inheritance), is separate property and goes to the owner; property acquired jointly during the marriage is marital property and is divided between the husband and wife, not equally, but in a just and reasonable manner, meaning as the court deems fair.

Non-marital assets are generally defined as anything acquired by a spouse before the marriage, or during the marriage by gift, devise or bequest.

The exception to this rule is the receipt of gifts, inheritance, and personal injury awards, which are characterized as separate property even during marriage.

Property each spouse owned before the marriage, or acquired during the marriage by gift or inheritance, is separate.

California is a community property state, so California divorce courts divide property acquired during the marriage, except property a spouse acquired by gift or inheritance since this property is considered that spouse's separate property.

Separate property is property owned before the marriage, received as a gift or inheritance during the marriage, or property purchased during the marriage with other separate property.

If you live in a state that recognizes separate property and you own a home prior to your marriage or acquire it during your marriage by inheritance or gift, your house remains separate property.

Separate property includes an inheritance to one spouse during the marriage; property acquired by a partner before the marriage; passive income and appreciation acquired from separate property during the marriage; property acquired by one spouse after a decree of legal separation; property excluded from the couple's marital property by a premarital agreement; a spouse's personal injury compensation, except for loss of earnings during the marriage and compensation for expenses paid from marital assets; and any gift given to only one spouse.

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.

Non-marital property is property you or your spouse owned before your marriage or acquired during your marriage by inheritance or gift.

If you live in a community property state — Arizona, California, Louisiana, New Mexico, Nevada, Idaho, Texas, Washington or Wisconsin — assets and debts you acquire during your marriage belong equally to both spouses, except in certain narrow circumstances, such as assets acquired by inheritance or gift that you kept separate from your marital assets.

Marital property is everything acquired during your marriage by either spouse, except for items considered to be separate property, such as property owned before the marriage and property acquired by gift or inheritance.

Separate property is the property that either spouse individually acquired either before the marriage or during the marriage by inheritance or gift.

First, you and your spouse will receive your separate property, which includes anything you owned prior to marriage, anything you received as a gift or inheritance during the marriage and any personal injury or other award you received from a lawsuit during the marriage.

As long as the property or funds remain separate and separately titled during the marriage and are not commingled (mixed) with marital funds or property, the inherited or gifted money or property will remain separate and will not be divided when you separate or divorce.

Any property obtained prior to marriage or during the marriage by inheritance or gift is considered the separate property of the spouse who acquired it.

Marital property is all property spouses acquire during their marriage except certain property such as gifts and inheritances.