In the context of marriage in West Virginia, what does "marital property" refer to?

Marital property in the context of marriage in West Virginia refers to all property and earnings acquired by either spouse during the marriage. This includes a wide range of assets, such as income from both spouses' jobs, any purchases made during the marriage, and any increases in value of assets acquired before marriage due to contributions made during the marriage. The law recognizes that both spouses contribute to the accumulation of assets, whether through direct financial means or other contributions, such as managing the household or raising children.

This definition of marital property is critical during divorce proceedings since it helps determine what is subject to division between the spouses. Additionally, it underscores the principle that both partners share in the financial partnership of marriage, rather than only recognizing properties acquired individually or prior to the marriage. Understanding this concept is essential for navigating issues related to property division in the event of a separation or divorce.