Distribution of Property in Oklahoma
Oklahoma is among the 41 states that divide marital property through a process called equitable distribution. This means that the marital property and assets must be divided in a fair manner, not necessarily an equal one, between the divorcing spouses.
What Does the Court Consider?
In making a determination of which property should go where, the court will review several factors, including:
- The way each spouse contributed to the marriage
- Length of the marriage
- Age and health of each spouse
- Each spouse’s earning potential
- Child care costs
- Tax consequences
- Debt, also known as liabilities
The court will review all debt or liabilities that the divorcing couple has and determine if it is marital or separate. If it is marital, it will be divided equitably between the spouses.