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CHAPTER 19191Distinctions Between Marital and Nonmarital Property By David B. Cavity and Ilene B. Goldstein Schiller, Canto & Fleck John T. Phipps Law Offices, P.C.CHAPTER CONTENTS I. Introduction
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What is and nonmarital property?
Nonmarital property is property that is not considered part of the marital estate and is typically owned by one spouse before the marriage or received as a gift or inheritance during the marriage.
Who is required to file and nonmarital property?
Both spouses are required to disclose all nonmarital property during divorce proceedings.
How to fill out and nonmarital property?
Nonmarital property should be listed on a separate form provided by the court, detailing the nature and value of each item.
What is the purpose of and nonmarital property?
The purpose of disclosing nonmarital property is to ensure that each spouse receives a fair distribution of assets during the divorce process.
What information must be reported on and nonmarital property?
Nonmarital property must include a description of the property, its value, and the source of the property (gift, inheritance, etc.).
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