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Definition Joint Property - property that is held in the name of more than one person.

Application in Divorce Many, if not most, couples own the marital home as joint property.

In both community and equitable distribution states, joint property part of the marital estate and is subject to distribution in a divorce. Depending upon the jurisdiction, property may be marital regardless of whose name is on it.

Liquid assets such a bank accounts become joint property when a spouse’s name is added.

See Commingling.

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