What is division of marital property?

Division of marital property is a process in Montana divorce law that determines how the assets and debts of a married couple will be divided between them when they legally part. Marital property is any asset or debt that was acquired during the course of the marriage, meaning that it was obtained after the date of the marriage and before the separation. This includes all kinds of property, such as real estate, vehicles, bank accounts, investments, and other possessions. The court will consider several factors to determine how to divide the marital property, such as the length of the marriage, the ages of the parties, the health of the parties, and the financial contributions each party made during the marriage. The court will also consider the financial condition of the parties, their separate assets and debts, and any other evidence that is relevant to the division of the marital property. After considering all the factors, the court will decide how the marital property should be divided between the parties, usually in a way that is equitable and fair.

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What is division of marital property?

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