United States:
Legislation Proposes To Expand The Definition Of "Marital Property"
17 May 2016
Fox Rothschild LLP
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Prior posts have examined how Delaware law defines and
divides marital property. Presently, marital property is
generally defined as "all property acquired by either party
subsequent to the marriage." 13 Del. C. §1513(b). House Bill 271, which was recently introduced,
proposes to expand that definition to include "jointly-titled
real property acquired by the parties prior to their marriage,
unless excluded by valid agreement of the parties." The Bill
is currently assigned to the Judiciary Committee in the House.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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