When it comes to real estate in Oklahoma, it's important to understand the state's property division laws. These laws dictate how property is divided in the event of a divorce or other legal situation. Here's what you need to know.
From Morrissette Law Firm in Oklahoma City
"Oklahoma is an equitable distribution state, which means that property in a divorce is divided in a manner that is fair and equitable, but not necessarily equal. The court considers a number of factors when determining how to divide property, including:
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The length of the marriage
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The age and health of each spouse
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The earning capacity of each spouse
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The contribution of each spouse to the acquisition of marital property, including contributions as a homemaker
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The value of each spouse's separate property
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The tax consequences of the division of property
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Any other relevant factors
Marital property in Oklahoma is defined as any property acquired by either spouse during the course of the marriage, with a few exceptions such as gifts or inheritances received by only one spouse. Separate property is property that was acquired by a spouse before the marriage, or acquired during the marriage through inheritance or gifts from someone other than the other spouse.
Our OKC divorce attorney can help you protect your legal rights and interests when it comes to property division throughout any Oklahoma divorce."
- Morrissette Law Firm, OKC
Sellers
If you're selling your property in Oklahoma, it's important to disclose any information that could impact its value or desirability. This includes any defects or issues with the property, as well as information about any legal disputes or liens. Failure to disclose this information could result in legal action against you in the future. Hiring a real estate agent can help aid protection. Call Lindsay
(405) 315-6389, she has many connections and can help make the process much easier for you.
