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To calculate home equity so it can be divided during a divorce, the first step is to get the currently appraised value of the house by a qualified residential real estate appraiser less the mortgage and any other liens on it.
→ Read MoreMarital property, also called the “marital estate,” is property acquired by a husband and wife during a marriage. It is distinct from individual property (property acquired before the marriage) that belongs to one spouse but not the other. The concept of marital property becomes key when two parties must separate assets in a divorce.
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