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Definition Estate - a right or interest in property.
Application in Divorce The term estate is used in a variety of way in law, including the property of a deceased person and the assets or property interests owned by that party.

As it applies to divorce, the term usually means the marital estate, the assets and liabilities subject to distribution during a divorce.

In divorce actions, an estate may exclude assets covered by a prenuptial agreement, gifts or inheritances.

Questions & Answers
Helpful Tips & Facts
  1. The following questions should be addressed when selling marital property.
    When? Asking Price? Sale price (minimum acceptable)? What if the property does not sell? How to resolve disagreement on selling price? How to handle the sale (broker selection, fix-up costs)? Living arrangements until the sale? How will the sale proceeds be divided? Use of moneys for payment of future obligations(e.g. taxes, children’s education). Use of proceeds for debt paydown?
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