PROPERTY DIVISION BASICS: MARITAL VS. SEPARATE PROPERTY

Property division in a divorce first turns on identifying the marital property to be divided, because separate property should be retained by the spouse who originally owned it.

Do you understand the difference between marital property and separate property?

Marital property as defined in Ohio Revised Code section 3105.171 is property owned by either or both spouses and property in which either spouse has an interest in the property that arose during the divorce.

Separate property as defined in Ohio Revised Code section 3105.171 is real or personal property that was inherited, acquired by one spouse prior to the date of marriage, acquired after a decree of legal separation under Ohio Revised Code section 3107.17, excluded by a valid antenuptial agreement, compensation for personal injury, except for loss of marital earnings and compensation for expenses paid from marital assets, or any gift of property that was given to only one spouse.

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