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  • Very generally, nonmarital property is typically considered any asset owned prior to the marriage, inherited by a party during the marriage, or given by a third party as a gift during the marriage. Marital property includes all real and personal property acquired by the parties during the marriage, gifts between spouses given during the marriage, and vested and non-vested benefits or funds accrued during the marriage such as retirement accounts, pensions, and real property. However, there are many exceptions and nuances to this list, and there are situations where non-marital property can been turned into marital property thru transmutation.