What is Marital Property?

Marital property is that property which is acquired during the marriage. All property owned before the marriage is non-marital property. Income from non-marital or separate property if acquired during the marriage is considered marital property while gifts (either from a spouse or a third party) and inheritances are considered separate or non-marital property. Marital property is community property in states that recognize community property. As such, each party has a community interest in marital property that can be divided upon divorce. In some cases, a spouse’s interest in community property can wind up greater than 50%.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.