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What is "marital property"?

Marital property is property specifically accumulated by the couple during the marriage. States differ in their treatment of the different types of property. In some states, all property and earnings accumulated during the marriage are considered marital property. In other states, property acquired before the marriage, gifts, and inheritances are excluded from marital property. There are other exceptions, and each state is different. If you are doing your own separation or divorce it is very important you recognize and understand what is considered "marital" or "separate". If you have a lawyer or mediator, or intend on hiring one, he or she should ask you to list and itemize all the property. At which point, they will help you classify the property into two categories "Marital" and "Separate".