Tuesday, June 17, 2008

Premarital Property? Yours or mine...

The Court of Appeals, in In Re: Marriage of Slinger (6/11/08), specifically addressed the issue of what happens when a couple brings significant premarital property into a marriage. Husband brought into the marriage 5 rental properties and Wife brought in $42,000 cash. During the course of the 10 year marriage the parties commingled the assets and used them to pay off debt and buy marital items. The District Court determined that a sizeable portion of the assets would retain their premarital status, however, the Court of Appeals disagreed and divided same as marital... Just because you bring it into the marriage does not mean its yours in the divorce....