Which statement best describes marital assets in a divorce?

Which statement best describes marital assets in a divorce?

• A. Post marriage and before filing divorce
• B. Active effort to increase value
• C. Degrees/licenses acquired during marriage
• D. All of the above

Answer: (D)

Marital assets are property that comes into the marital estate through the marriage and is subject to division on divorce. This includes assets acquired after the marriage begins and before the divorce filing, because those are earned or acquired during the marriage. It also includes increases in value of assets that occur during the marriage due to the active efforts of either spouse, meaning the work put in during the marriage can make an asset worth more and that added value becomes marital property. Additionally, degrees or professional licenses earned during the marriage are included because they arise during the marriage and affect future earning potential. Putting all of this together, each statement reflects how marital assets can be defined, so the best choice is all of the above.

Marital assets are property that comes into the marital estate through the marriage and is subject to division on divorce. This includes assets acquired after the marriage begins and before the divorce filing, because those are earned or acquired during the marriage. It also includes increases in value of assets that occur during the marriage due to the active efforts of either spouse, meaning the work put in during the marriage can make an asset worth more and that added value becomes marital property. Additionally, degrees or professional licenses earned during the marriage are included because they arise during the marriage and affect future earning potential. Putting all of this together, each statement reflects how marital assets can be defined, so the best choice is all of the above.