Divorce
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How is Property Divided in Divorce?
- Generally, spouses are allowed to keep their separate property, which are assets they owned before the marriage as well as gifts or inheritance they received before, during, or after the marriage. Property acquired during the marriage — such as income, savings, retirement accounts, stocks, bonds, cars, homes, and furnishings — is considered shared property, and divided between the spouses. If you have questions about property division in your Washington DC,, a Washington divorce lawyer can provide specific guidance.