Generally, assets purchased before the marriage are each person's separate property. It gets murky however, when, for example, you put a $2,000.00 down payment on a car before the marriage, and then marital funds are used to make the payments. The car may have lost its separate character in such an instance. In any event, the car should not be viewed in a vacuum, that is to say, without regard to the disposition of the others assets and debts in the marital estate. Ten court must make a fair and equitable resolution of all of the assets and debts comprising the marital estate.
Answered on Aug 15th, 2013 at 9:44 AM