Law and You () Premarital property
Source: Image of Courtesy
A pre-marital asset will be considered to be a contribution of the person who bought that asset into the marriage.The court determines the asset pool by taking the value of all of the assets of the parties held jointly and individually and deducting the value of the liabilities of the parties. There is sometimes an argument about whether certain liabilities should be included, but on the whole, all liabilities are included. It is the net value (assets minus liabilities) which is said to make up the property pool for division.
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