Law Dictionary

premarital asset

Any asset acquired before the marriage (if the asset was encumbered by a loan that was paid off during the marriage, it may only have a partial non-marital value)



Certain assets may be excluded from the marital estate which means that they are not divided between the parties. These are called non-marital assets. Any non-marital assets that you possess remain yours and any non-marital assets of your spouse remain their assets. The definition of non-marital assets may vary from state to state. Premarital assets are one kind of non-marital assets.

Source : LawyerIntl.com

Language : English

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