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Property & Assets

Personal Property

Movable possessions such as vehicles, furniture, jewelry, art, electronics, and other items that are not real estate.

Understanding Personal Property

Personal property in divorce includes everything from cars and furniture to clothing, collections, tools, pets, and digital assets. Division can be contentious, especially for items with sentimental value. Courts typically divide personal property by agreement, but if spouses cannot agree, a judge will assign items based on factors like who uses the item, who purchased it, and overall fairness. High-value personal property like art collections, jewelry, or vehicles may require professional appraisal. Creating a detailed inventory early in the process helps prevent disputes.

Real-World Examples

They divided personal property by each making a list of desired items, alternating picks, with the remaining items sold and proceeds split equally.

Related Terms

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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.

Always consult a licensed attorney in your area for advice specific to your situation.