Marital Assets
/ˈmærɪtəl ˈæsɛts/
Definitions
- (n.) Property and financial resources acquired by spouses during the marriage subject to division upon divorce or separation.
The court divided the marital assets fairly between the parties after the divorce.
Forms
- marital assets
- marital asset
Related terms
See also
Commentary
Marital assets typically exclude property acquired before marriage or by gift/inheritance, which are considered separate property; clarity in defining these assets is essential in family law agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.