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Property |
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PARTIAL DESIGNATION OF NONMARITAL PROPERTY Another aspect of Gilley v. Gilley, 488 S.E.2d 310 (1997), is the suggestion that people contemplating marriage can, in a premarital agreement, designated property that will be acquired during the marriage as “nonmarital.” The Supreme Court affirmed the Family Court’s dismissal of the husband’s action for separate support and maintenance in part because “property excluded by written contract or antenuptial agreement of the parties is excluded from marital property and is considered nonmarital property." S.C. Code Ann. Section 20-7-473 (1976, as amended).” Gilley v. Gilley, 488 S.E.2d 310 (1997). 1. Covenant not to compete is nonmarital property. Ellerbe v. Ellerbe, 473 S.E.2d 881 (Ct. App.1996). |
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This information was prepared to give you some general information on the law. It is not intended as legal advice about any particular problem. |