Table of Contents
What is considered marital property in Delaware?
Under Delaware law, marital property is that which is acquired or is a direct result of the labor and investments of the parties during the marriage is subject to equitable division.
Is a car considered an asset in divorce?
Brette’s Answer: It is marital property, subject to division in the divorce. Both of you own it until a judge divides it in the divorce. If there are two cars, no one would question you taking the one that is generally considered “yours”.
What is considered personal items in a divorce?
What is considered personal property? Personal property is any property that belonged to a spouse prior to the marriage – and not jointly owned. For example, a car that a spouse brought into the marriage and only has his or her name on the title would be considered personal property.
Is adultery illegal in Delaware?
[2] Adultery is a crime in Delaware by virtue of 11 Del. Code § 311, which provides as follows: “Adultery is the sexual intercourse of two persons either of whom is married to a third person. “Whoever commits adultery shall be fined not more than $500 or imprisoned not more than 1 year, or both.”
How do you split a car in a divorce?
In the end, the judge strives to reach an equitable result. A judge may award the car to the spouse that needs it the most and order that spouse to pay the other 50% of the value, or some other percentage that’s fair under the circumstances. The second issue is that only your wife’s name is on the title.
How is a car valued in divorce?
If you both have a car If you both own a car in your respective names, and have a 50/50 split of your assets, you will again need to obtain a valuation for both vehicles. The owner of the cheaper car will then be owed their share of the total minus the value of their vehicle.
Are separate bank accounts considered marital property?
In most states, money in separate bank accounts is considered marital property, or property acquired during a marriage. About 10 states operate under community property laws, meaning that any property — money, cars, houses, etc. — acquired during the marriage belongs to both spouses.
Are individual bank accounts marital property?
Assets acquired during a marriage are typically viewed as community property. When it comes to bank accounts, this means that bank accounts established after marriage, whether joint or separate, belong to both spouses and will need to be equally divided in the event of a divorce.
Is jewelry considered marital property?
Normally, valuable assets obtained during a marriage are considered marital property, and that would be the case if you purchased jewelry for yourself. However, jewelry is often given as a gift, and gifts are excluded from marital property.