If property is purchased during a marriage, isn't it a martial asset??
It depends what it is purchased with. If it is purchased with marital earnings, yes. But if it is purchased with what is called "separate property" in the legal world, then no. This would be any money the spouse earned prior to marriage, or any gifts, bequests, devises earned during or prior to marriage, and any income, dividends, rents, or profits from that separate property. That separate property remains the separate property of the spouse to whom it belongs.