What is considered marital property in Arkansas?

What is considered marital property in Arkansas?

Marital property includes most assets and debts a couple acquires during marriage. Property is separate if a spouse owned it before marriage or acquired it during marriage by gift or inheritance.

Is Arkansas a separate property state?

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Arkansas Marital Property Laws at a Glance As in most states, Arkansas statute requires equitable division. This does not mean that property divided equally, however, but in a manner the court considers fair for each party.

Is Arkansas a common law state?

Arkansas has never recognized common law marriage. Few circumstances will allow the state of Arkansas to recognize such a marriage: For example, if the couple lived in Oklahoma and had done all things to establish a valid common law marriage there, Arkansas would recognize it as a “regular” marriage.