Reference no: EM133659678

Question: In Old Town, any property acquired by either spouse during the duration of a marriage is considered to be marital property, and will be divided equitably upon divorce. All property acquired prior to marriage by either spouse, is considered separate property. In a fact pattern that asks whether the appreciation in value of a commercial real estate building owned by Spouse 1 prior to the marriage should be considered marital property, which of the following is the best issue statement? The issue is whether the appreciation in value of Spouse 1's building is marital property. The issue is whether the appreciation in value of separate property will be considered marital property for the purposes of equitable distribution, when Spouse 1 owned a commercial real estate building prior to the marriage, that has since appreciated in value. The issue is whether Spouse 1's building will be considered marital property for the purposes of equitable distribution when it appreciated in value during the marriage. The issue is whether the appreciation in value of separate property will be considered marital property for the purposes of equitable distribution.