What does the appreciation of value of pre-marital property mean?
Question Details: Is it just the overall value or the principal payments made during a marriage? I live in an equitable distribution state. I purchased a home and car before marriage with a mortgage and car loan, payments on these items were made during the marriage.
The term "appreciation of value of pre-marital property" means that separate property of a person who subsequently married but was in his or her possession before the marriage has increased in value after the marriage.
In essence, separate property of a person owned before marriage has increased since the marriage. Example: home bought for $150,000 before marriage, worth $232,000 at marriage and five years after the marriage it is now worth $406,000.
