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What You Need to Know about Marital Property

Property acquired during marriage is called marital property. Depending on the state of residence, marital property is treated differently upon divorce. There are two categories which states fall into when it comes to the treatment of marital property; Community Property and Equitable Distribution. Equitable distribution laws are followed by the majority of states. The following

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Marital Property In the District of Columbia

Marital property includes debts and assets that were acquired during the marriage. Assets might include homes or other real estate, retirement plan benefits, and personal property (such as furniture, cars, or bank accounts). Debts might include student loans, credit card debts, and taxes. In D.C., it does not matter whose name is on the title,

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