Property acquired previous to a wedding are usually thought-about separate property. Within the context of divorce proceedings, the disposition of a residence purchased by one get together earlier than the wedding begins turns into a major authorized consideration. As an example, if an individual buys a house and solely holds title to it earlier than the wedding, that house is often considered as their separate asset.
Understanding the characterization of property as separate versus marital is essential throughout dissolution. This dedication influences the division of belongings, impacting every get together’s monetary future post-divorce. Traditionally, legal guidelines have advanced concerning property rights, recognizing the contributions, each monetary and non-financial, made by every partner throughout the marriage which might subsequently have an effect on beforehand separate holdings.
