marital property

Definition of "marital property"
  1. Assets acquired by both spouses during the course of their marriage, considered jointly owned under state law, excluding inheritances in most states
How to use "marital property" in a sentence
  1. The couple agreed to evenly split their marital property during the divorce proceedings.
  2. His business, started after their marriage, was considered marital property.
  3. She was relieved her grandparent's inheritance was not considered marital property.

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