In Oklahoma, property is divided under a concept known as equitable division. This means marital property is generally divided evenly according to its monetary value. Similarly, debts incurred during the marriage in general are considered the responsibility of both spouses and will also be divided equitably.
There are a number of types of marital assets in addition to the family home. Vehicles, investments, family businesses and retirement accounts may also be considered marital property. Similarly, tax debts, credit card debts and unpaid loans may be considered marital liabilities.
Our firm has handled property division cases, whether they are settled out-of-court via negotiations or mediation, or whether the case needs to go to trial. In many cases, mediation or negotiation may be preferred, as they give spouses more say in how their property will be divided, rather than leaving the decision-making entirely up to the court. However, there are times when a couple’s relationship is so toxic that property division issues cannot be resolved via mediation. In these situations, litigation may be the better option.
When it comes to property division, we make a point to discuss all legal issues with our clients, so they have the information they need to make the best possible decisions. We pride ourselves on helping our clients pursue the best possible outcomes, all while providing valuable legal services. For more information on how we handle property division cases, please visit our website.