When Dividing Assets and Debt, There Are a Number of Types

question 46

Multiple Choice

When dividing assets and debt, there are a number of types of property to be negotiated. "Separate" property refers to _____.

• A) those assets owned by both spouses or acquired jointly during the marriage
• B) those assets owned individually, such as a piece of heirloom jewelry owned by one of the spouses
• C) homes, cars, furniture, jewelry, and pets
• D) property or assets that may not have a market value, but has inherent value, such as retirement benefits, bank certificates, or stocks

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