Real property purchased by the parties during their marriage was properly classified as marital property, notwithstanding that the funds used to purchase the property were traceable entirely to the husband’s non-marital assets, since the property was transmuted into marital property when it was placed in joint tenancy by the husband. In re Gattone
Property designated as non-marital pursuant to exceptions in this Act may still be presumptively transmuted into marital property by the affirmative act of the contributing spouse. In re Hagshenas
As to newly acquired property, clear and convincing evidence is required to show that it has been acquired in exchange for non-marital property in order to classify it as non-marital property, and any doubts must be resolved in favor of finding that the property is marital. In re Eddy
There is a legislative preference for classifying property as marital. In re Rink
Where real property in question was placed jointly in the names of the parties before their first marriage was declared invalid, such was presumptively marital property. In re Flatow