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Marital Debt The property, or debt in this case, includes all property that is obtained during marriage regardless of title, and is presumed to be marital property that is only rebutted by evidence presented by the objecting party.
What You Should Include in a Divorce Letter Start the letter with something like ?The previous night was tough on me. ... An explanation of your decision. ... How to proceed with the next steps. ... Your name, your spouse's name, and the date you sent the letter.
It's also important to understand the difference between marital debt and separate debt when sorting through questions about financial responsibility. Debt accumulated in marriage is considered marital debt, while debt that was amassed in one's name before the date of marriage is considered separate debt.
While adultery has no impact on the distribution of assets in a divorce case in Oklahoma, within certain limits it can be a factor in determining alimony and child custody.
The division of property during a divorce in Oklahoma is based on the principle of ?equitable property?, which holds that property should be divided equitably based on each spouse's contribution to marital property, and in the best interest of your children.
Most of the time, you are not responsible for paying your spouse's credit card debt. This is true even if you are an authorized user on a credit card. The only instances where you may be obligated to pay is if you are a joint account holder or if you live in a community property state.
The Oklahoma Supreme Court has stated that marital property or debt is any property that has accumulated as a result of the joint-industry of a husband and wife. Ultimately, any asset or debt that has been acquired after two people marry is considered part of the marital estate.
In Oklahoma, the division of assets in a divorce is based on the principle of ?equitable distribution.? This means that the court will divide the marital property in a manner that is fair and just, but not necessarily equal.