My husband and I own a non-deeded timeshare. Are timeshares considered tangible or intangible property?
The distinction between tangible or intangible is irrelevant.
If the timeshare was acquired during the marriage and not by inheritance, then it is marital property. A value is assigned to the timeshare. Whichever spouse is keeping the timeshare will have its value attributed to him/her in the equitable distribution process.
Anna Ayscue
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
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