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Term Definition Assets - cash, property and investments along with anything of value to a individual or business.
Application in Divorce Assets include that which is tangible (i.e., with mass and volume) and that which is intangible (i.e., something abstract like celebrity and good will).

A marital estate may include assets which have appreciated both actively and passively and sometimes actively and passively at the same time, such as a family home.

The assets possessed by the spouses in a divorce are classified as either separate or marital (or community in a fit.