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Questions & Answers

What’s mine, what’s their’s, what’s our’s? Are there any clear answers?

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Not really.  Typically, unless there is an Agreement to the contrary, any property acquired during the marriage is considered to be martial property, regardless of how it is titled.  Property acquired prior to the marriage remains the “non-marital” property of the person whose name it is titled in, however to the extent this property increases in value during the marriage (like a residence), that increase is marital property.  Gifts and inheritances are also considered the non-marital property of the person receiving the gift or inheritance unless that property is titled jointly with the other spouse or if it is “co-mingled” marital property.