What is marital asset?
Table of Contents
What is marital asset?
Marital, or community property, is defined as assets and debt newly acquired during the marriage, either jointly or by one party, other than by a gift or inheritance to one spouse. They also can be inheritances during the marriage to one spouse, including gifts by one spouse to the other.
Can my wife make me leave our house?
The short answer is yes, you can force a Spouse to leave the marital residence. But there are requirements that must be met in order to have a sole legal claim to the marital home. An agreement between spouses on who is to move out and situations of domestic violence are examples meeting the requirements.
How are houses divided in a divorce?
Spouses do not necessarily have to give their spouses “half the house” on separation. That spouse is entitled to stay in the house, and to have the equity included in property division, but, if a home is not jointly owned, there is not right to “half of it.” It is just included in the assets to be divided.
