marital assets

Marital assets are all the property, money, and belongings acquired by either spouse during the course of the marriage. These can include homes, savings, investments, cars, and personal items. When a marriage ends, these assets are typically divided between the spouses through a legal process, aiming for a fair distribution based on state laws or agreements. The main goal is to ensure both parties receive an equitable share of what was accumulated during the marriage, regardless of who originally owned or earned those assets.