What are “Nonmarital Assets”?

Non-marital assets are defined by statute and case law as those assets acquired prior to the marriage, assets acquired separately by either party by non-interspousal gift, or inheritance and income derived from non-marital assets during the marriage unless the income was treated, used or relied upon by the parties during the marriage. It also includes assets excluded by written ballot agreement such as a prenuptial or postnuptial. Don’t forget, like and follow for more.

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