What is considered marital property?
Marital property is defined according to the Equitable Distribution legislation or according to the judge-made law that has developed in an equitable distribution state. Most marital property is defined as that property acquired during marriage no matter how the property is titled. Bank accounts, business and property in one spouse’s name are marital property. There are a few states which are community property states and those states divide martial property with 50% going to each spouse, no matter how long or short the marriage. Recently, Pennsylvania introduced legislation which will treat companion pets as a different category of property to be awarded to a spouse.
