What is considered marital property in Oklahoma?
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What is considered marital property in Oklahoma?
Marital property is usually considered to be that property acquired during the marriage. This can include the family home, cars, cash, investments, and personal property such as furniture or jewelry. Generally, separate property is that property acquired outside of or before the marriage. There are some exceptions.
Who typically gets the house in a divorce?
In most divorces, the marital home is a couple’s biggest asset. It’s also the center of family life and often serves as an anchor for families with minor children. If a judge determines that the marital home is one spouse’s separate property, the solution is simple: the spouse who owns it, gets it.
Is Oklahoma a spousal state?
Oklahoma, along with 40 other states, is classed as an Equitable Distribution state. That means that marital property (but not separate property) must be divided equitably, or fairly, either through a joint agreement by both spouses or, failing that, by the court.
