{"id":351899,"date":"2016-04-04T11:02:42","date_gmt":"2016-04-04T16:02:42","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/family\/marriage\/managing-marital-property-do-s-and-don-ts.html"},"modified":"2023-06-13T15:04:17","modified_gmt":"2023-06-13T20:04:17","slug":"managing-marital-property-do-s-and-don-ts","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/family\/marriage\/managing-marital-property-do-s-and-don-ts.html","title":{"rendered":"Managing Marital Property: Do’s and Don’ts"},"content":{"rendered":"\n
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Managing Marital Property: Do's and Don'ts<\/h1>\n
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\n By Susan Buckner, J.D.<\/a> | Legally reviewed by Aisha Success, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

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Key Takeaways<\/h2>\n

A few states have "community property<\/a>" laws, which result in a roughly 50\/50 split of marital property. Most states use an "equitable distribution" procedure. This method considers the debts and assets of the parties when dividing property.<\/p>\n\n <\/div>\n <\/div>\n<\/div>\n

If you’re planning to get married, you and your partner may have discussed combining your property. This may involve disposing of extra household goods or selling an apartment. But it also might be wise to consider how this property may be divided<\/a> if the marriage ends. It’s always a good idea to consider the basics of managing your marital property.<\/p>\r\n

When a couple gets divorced, marital property gets divided according to state marital property law<\/a>. Generally speaking, "marital property" is any property acquired during the marriage.<\/p>\r\n

Whatever your state law demands, these suggestions will help you manage your property.
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Useful Terms for Managing Marital Property<\/h2>\r\n

To help you understand marital property management, you should know a few basic legal terms.<\/p>\r\n