Separate property definition

Separate property. As used in this agreement, the term "Separate Property" means all rights and interests in property of any kind, including contingent interests, owned by each party on the effective date of this agreement. The term "Separate Property", as used in this agreement, is further defined below.

Separate property means a resource of a married person that one of the spouses:

Separate property means all real and personal property and any interest in real or personal property that is found by the court to be any of the following:

Examples of Separate property in a sentence

• Thus, passive income from Separate Property earned or accruing after the effective date of this agreement shall be the Separate Property of the owner of that asset.

• Earned income of the parties during the marriage shall be considered the Separate Property of either party during the marriage.

• Common Living Expenses incurred during the marriage shall be paid first from the liquid assets of the parties NOT classified as Separate Property under this agreement (i.e., from marital property, community property, or quasi-community property).

• Except as otherwise provided herein, each party waives and releases all rights, interests in and claims to the Separate Property of the other party arising under common or statutory law of any jurisdiction (present or future).

More Definitions of Separate property

Separate property means that property of a husband or wife

Separate property means that property of a husband or wife that is the spouse's separate property as defined in section 25‑213.

Separate property means all real and personal property acquired by a spouse before marriage or acquired by a spouse by devise, descent, or gift during the course of the marriage. However, property acquired by gift from the other spouse during the course of the marriage shall be considered separate property only if such an intention is stated in the conveyance. Property acquired in exchange for separate property shall remain separate property regardless of whether the title is in the name of the husband or wife or both and shall not be considered to be marital property unless a contrary intention is expressly stated in the conveyance. The increase in value of separate property and the income derived from separate property shall be considered separate property. All professional licenses and business licenses which would terminate on transfer shall be considered separate property.

Separate property means property which does not form part of a joint estate.

Separate property means all real and personal property acquired by a

Separate property means property defined in A.R.S. § 25-213.

Separate property means property and money you owned before your marriage or received during your marriage by gift or inheritance. It also includes any damages you’ve been awarded during marriage from a personal injury lawsuit, except for damages representing loss of earning capacity.