What is considered marital property?

  • In New Jersey, marital property is anything acquired during the marriage.
  • A home is marital property, regardless of title, if it was purchased during the marriage; the same is true for a spouse’s pension or 401(k), even though it was based solely on his or her contribution.
  • There are a few exceptions, such as receiving an inheritance and keeping it totally separate and apart from marital funds. If you co-mingle any of those funds, they become marital property.
  • If you have any questions or doubts, it is in your best interest to contact me.