Separate Property. With respect to property acquired during marriage, any property earned, acquired and given to either Party individually during marriage will be treated as such Party’s non-marital, separate and individual property, including any increase in the value relating to the property. Each Party will have the full right and authority to manage, sell, gift, transfer or otherwise dispose of his or her separate property. All assets and property that are earned and acquired by both Parties through their joint efforts or given to both Parties will be treated as marital property and owned equally by the Parties or as otherwise designated in a writing signed by both Parties. ☐ Separate property, with exceptions. With respect to property acquired during marriage, any property earned, acquired and given to either Party individually during marriage will be treated as such Party’s non-marital, separate and individual property, including any increase in the value relating to the property. Each Party will have the full right and authority to manage, sell, gift, transfer or otherwise dispose of his or her separate property. However, the following individual property will be considered the marital property of both Parties:
Appears in 5 contracts
Samples: Minnesota Prenuptial Agreement, Georgia Prenuptial Agreement, Maryland Prenuptial Agreement
