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Dividing Marital
Property
How
your marital property should be divided fairly.
At one time, the
majority of states held that property belonged to the spouse whose
name was shown on the title document. Title to real estate,
automobiles and other valuable property was often held by the husband
in his name alone, even if the wife had contributed financially to its
purchase. As a result, a divorced woman was often left with little or
nothing in the way of property to call her own.
Today, the majority of
states follow a practice known as equitable distribution in deciding
how to divide marital property. Under this practice, courts consider
the contribution of each spouse in acquiring the property. Under
equitable distribution, a spouse's contribution as a homemaker and
primary child care provider is considered in the same way as income
from a job, or other assets used to acquire property during the
marriage.
Nine states, known as
community property states, consider all the property acquired during
the marriage as owned equally by both husband and wife. These states
are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas,
Washington and Wisconsin.
A few of these states
also class some property as quasicommunity property. Basically, this
is property acquired during the marriage in a non community property
state by a couple that then moves to a state that follows the
community property rule. The property is then treated as community
property.
In both equitable
distribution and community property states, some property falls
outside the category of marital property. Property a person inherits
is often considered separate property, as is property obtained as a
gift or which belonged to a spouse before the marriage took place.
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