This is the first book that gives women the support and guidance they need to safeguard their marital assets. Too often women find themselves at a disadvantage when their marriage ends and they have to fight for what is rightfully theirs. Inc. Forgiveness of a debt generally constitutes a gift. 88 Md. App. Contra Wagner v. Wagner, supra.
Courts frequently view debt forgiveness as a gift to both parties and hence marital property.
In a Minnesota case, however, the court treated the amount of debt forgiven by the husband's parents as a gift to him alone and thus as his separate contribution to the marital home. A Maryland appeals court held that when an outstanding marital debt is forgiven, the marital property previously encumbered by the debt acquires that value and must be adjusted upwards. Paradiso v. Paradiso, supra. Even if property gifted by one spouse's parents is classified as a marital asset, the court may take the origin of the property into account as a factor at the distribution stage. The first book that gives women the support and guidance they need to safeguard their marital assets.