Separate Property

Separate property refers to assets that are owned by one spouse individually, rather than as a couple. This typically includes property acquired before marriage, gifts, or inheritances received by one spouse. In the event of a divorce, separate property is usually not subject to division and remains with the original owner. However, laws regarding separate property can vary by jurisdiction, so it's important to understand local regulations. Keeping thorough records of ownership and transactions can help clarify what qualifies as separate property.