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Definition Accrue - to build up or increase an interest in a bank account.

Application in Divorce A married couple will often merge their finances. Even if each spouse keeps a separate bank account, he or she may not realize that in some jurisdictions the money may be considered to be a marital asset and subject to distribution in a divorce. When separating or divorcing, the accrual value of assets, such as bank accounts or real estate, carries significant weight in determining a fair and equitable property distribution award.

See also Separate Property and Commingling.

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The Separation Date
The accrual value of a marital asset can be very different depending on the actual separation date the spouses agree upon. The separation date can be a heavily disputed issue when the value of certain marital assets increase or decrease significantly from apply one separation date or another.

Contributed on 4/2/2007 by: DivorceDex.com Staff
Category: Property Valuations (Applicable in All States)

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