Marital Property
Learn about marital property in estate planning. Understand how jointly owned assets affect trust creation and distribution for married couples.
What is marital property and how does it differ from separate property?
Marital property refers to assets acquired during marriage that are jointly owned by both spouses. This differs from separate property, which includes assets owned before marriage or received as individual gifts or inheritance. Understanding this distinction helps couples determine how to structure their estate planning documents and trust arrangements.
