What are equitable distribution of property laws?

Equitable distribution of property laws refer to laws in Oklahoma that determine how marital property is divided upon divorce. These laws govern how a court will consider and divide a couple’s assets, such as real estate, automobiles, furniture, investments, and even retirement accounts. Equitable distribution of property laws make sure a fair division of assets is reached between both divorcing parties. When it comes to property division in Oklahoma, the law follows an equitable distribution approach. This means that the court looks at a variety of factors when determining how assets should be divided. Factors considered include the length of the marriage, the age and health of the parties, any contributions made to the marriage by either party, separate property and assets, and any other factors deemed appropriate. Any property acquired during the marriage is considered marital property and subject to division in an equitable manner. In Oklahoma, the court looks to the facts and circumstances of each particular case in determining how property should be divided. While the court strives to divide the assets fairly, it is important to remember that “equitable” does not mean equal, and the court may divide the property in a way that is not 50/50. The court will decide what is best for both parties in a given case.

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