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I Bought A Piece Of Property During The Marriage That Is Only In My Name And Which I Bought With My Own Money. Is It Separate Or Marital Property?

There’s a good chance that the court will view a piece of land or real property you purchased during the marriage as marital property to be equitably divided.

In the past, holding the title to a piece of property typically meant the title holder kept it upon the dissolution of the marriage, but under the equitable distribution system, the courts are likely to view property you purchased during the marriage – even with your own money – as marital property.

Some exceptions exist, such as property received by an individual as a gift or inheritance, a personal injury award won by one spouse, any properties defined as separate in a prenuptial agreement, and in some cases, property acquired solely from the appreciation of a separate property.

If you’re concerned about property division in your divorce, call the Queens divorce team at Zelenitz, Shapiro & D’Agostino today at 718-523-1111.