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What is the difference between marital property and separate property?

April 26, 2017difference marital Property separate

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What is the difference between marital property and separate property?

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Marital property is anything acquired during the marriage, regardless of how the property is titled. It also includes any increases in value of either party’s separate property. Separate property is your pre-marital property and anything received during the marriage as an inheritance and/or gift.