Understanding how assets get divided in a divorce

Before the court can divide your property, it needs to know which property belongs to the marriage, which belongs to the spouses separately, and how much there is of each. Generally, marital property is all property acquired or earned during the marriage, regardless of what title says. Separate property is property you owned before marriage. It also includes certain property you receive during marriage, like a gift or an inheritance.

The distinction between marital and separate property is important even though the court will divide both types of property at divorce. 

Contact Matrium Law Group for more information.   Matrium Law Group is a women owned and operated family law and estate planning law firm located in Missoula, Montana. 

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