Who Keeps the Gifts in a Divorce?

The wedding and honeymoon have come and gone and things just never quite worked out. Now you are both having to face the music of divorce. Question comes when it is time to spilt up inheritances and gifts. What happens to gifts in a divorce case? If the property is owned by both parties than it is called marital property and is the judges responsibility to divide it up. It gets a little bit dicier when you have to include property and items that were owned by one of them before the marriage. If the lawyers can get a hold of the propertythey will try to bring it into the case. Dividing gifts, assets, and inheritance can cause a lot of anxiety on both sides. There are two separate categories; one separate property and the other martial property. According to article, separate property is: property owned by one or another spouse before the marriage, any inheritance from either spouse, any gifts from a third party, any payments from pain and suffering, or any property designed as separate property. Whatever does not fit in this category is seen as marital property.

 

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