What are non-matrimonial assets?
You must disclose all your financial assets, income, and liabilities when divorcing.
Many people ask whether they need to disclose any assets acquired before the marriage or whether they can keep these separate; our Family lawyers explain how the courts treat non-matrimonial wealth.
In summary, non-matrimonial assets can include inheritance, gifts from external parties or a property purchased by one party before the marriage.
By contrast, marital assets can be quite far-reaching and include the family home and other real property, pensions, savings accounts, cars or other vehicles, furniture and household contents, stocks/bonds/investments or businesses.
A matrimonial asset that was purchased using non-matrimonial proceeds or wealth will likely be classed as matrimonial.