Posts Tagged ‘commingled marital assets’
Extra-marital property
The most common extra-marital asset or property that a spouse may receive during the marriage is an inheritance from a spouse’s parent(s). This asset is not treated as income like wages or other earnings earned during the marriage, in part, because the spouse did not receive the inheritance due to the receiving spouse’s efforts during the…
Read MoreComingling of property in the marital estate
The biggest difficulty in separating out each spouse’s property and/or debts from marital property, or the “marital estate,” is that most times spouses will commingle their property and/or debts during the marriage. Unless a very clear accounting is kept making it clear that the intent of the spouses was to maintain the property or debt…
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