Property Division by State
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By
Steve Fuchs
Published: Feb 27, 2006 |
In the disposition of the marital home, there is a three-step analysis that is used by most states:
1) Is the marital home considered marital property?
If “no,” then the owner keeps 100%
If “yes,” then go to step 2.
2) What is the equity value?
3) How is it divided?
Community Property v. Equitable Distribution
There are 11 community property states. The main difference between community property and equitable distribution is that in community property states there is an absolute 50-50 split of all property acquired during the “marital enterprise.” In equitable distribution states, more assets are considered “marital property,” but the split is not necessarily 50-50.
Warning: No two states are exactly the same, and this summary is not intended to be legal advice. Only your attorney can give a legal opinion. However, here are some of the basic rules that you may find helpful.
Alabama http://www.divorcenet.com/states/alabama#property_division
Alaska http://www.divorcenet.com/states/alaska#property_division
Arizona http://www.divorcenet.com/states/arizona#property_division
Arkansas http://www.divorcenet.com/states/arkansas#property_division
California – Community Property State
In California, all property acquired and income earned during the marriage, and while the parties lived together, is considered “community property” subject to a 50-50 division. However, property acquired prior to the marriage and property acquired by gift or inheritance, even during the marriage, is excluded.
http://www.divorcenet.com/states/california/cafaq03
Colorado http://www.divorcenet.com/states/colorado#property_division
Connecticut http://www.divorcenet.com/states/connecticut#property_division
Delaware http://www.divorcenet.com/states/delaware#property_division
District of Columbia http://www.divorcenet.com/states/district_of_columbia
Florida – Equitable Distribution State
In Florida, all property acquired and income earned during the marriage is considered marital property and subject to “equitable distribution.” Equitable does not necessarily mean equal, although 50-50 is the norm. Note that property acquired prior to the marriage and property acquired by gift or inheritance, even during the marriage, is excluded.
http://www.divorcenet.com/states/florida/equitable_distribution_of_property
http://www.divorcenet.com/states/florida/flfaq_01 (see bottom)
Georgia – Equitable Distribution State
In Georgia, all property acquired and income earned during the marriage is considered marital property and subject to “equitable distribution.” Equitable does not necessarily mean equal, although 50-50 is the norm. Note that property acquired prior to the marriage and property acquired by gift or inheritance, even during the marriage, is excluded. http://www.divorcenet.com/states/georgia#property_division
Hawaii http://www.divorcenet.com/states/hawaii#property_division
Idaho http://www.divorcenet.com/states/idaho#property_division
Illinois http://www.divorcenet.com/states/illinois#property_division
Indiana http://www.divorcenet.com/states/indiana#property_division
Iowa http://www.divorcenet.com/states/iowa#property_division
Kansas http://www.divorcenet.com/states/kansas#property_division
Kentucky http://www.divorcenet.com/states/kentucky#property_division
Louisiana http://www.divorcenet.com/states/louisiana#property_division
Maine http://www.divorcenet.com/states/maine#property_division
Maryland http://www.divorcenet.com/states/maryland#property_division
Massachusetts – Equitable Distribution State Massachusetts has a very broad definition of marital property. All property, no matter how or when acquired, is considered marital property. However, “equitable” doesn’t mean 50-50, especially in short-term marriages where property was acquired prior to the marriage. If the marital home was purchased during the marriage, the equity will probably be split 50-50, barring any unusual circumstances, such as a short-term marriage where one spouse put up all the money. http://www.divorcenet.com/states/massachusetts#property_division
Michigan http://www.divorcenet.com/states/michigan#property_division
Minnesota http://www.divorcenet.com/states/minnesota#property_division
Mississippi http://www.divorcenet.com/states/mississippi#property_division
Missouri http://www.divorcenet.com/states/missouri#property_division
Montana http://www.divorcenet.com/states/montana#property_division
Nebraska http://www.divorcenet.com/states/nebraska#property_division
Nevada http://www.divorcenet.com/states/nevada#property_division
New Hampshirehttp://www.divorcenet.com/states/new_hampshire#property_division
New Jersey - Equitable Distribution State
In New Jersey, the marital home is generally considered marital property, subject to equitable (not necessarily equal) division. Barring any unusual circumstances, especially in the case of a long-term marriage, the home equity will be split equally. http://www.divorcenet.com/states/new_jersey#property_division
New Mexico http://www.divorcenet.com/states/new_mexico#property_division
New York http://www.divorcenet.com/states/new_york#property_division
North Carolina http://www.divorcenet.com/states/north_carolina#property_division
Ohio http://www.divorcenet.com/states/ohio#property_division
Oklahoma http://www.divorcenet.com/states/oklahoma#property_division
Oregon http://www.divorcenet.com/states/oregon#property_division
Pennsylvania http://www.divorcenet.com/states/pennsylvania#property_division
Rhode Island http://www.divorcenet.com/states/rhode_island#property_division
South Dakota http://www.divorcenet.com/states/south_dakota#property_division
Tennessee http://www.divorcenet.com/states/tennessee#property_division
Texas http://www.divorcenet.com/states/texas#property_division
Utah http://www.divorcenet.com/states/utah#property_division
Vermont http://www.divorcenet.com/states/vermont#property_division
Virginia http://www.divorcenet.com/states/virginia#property_division
Washington http://www.divorcenet.com/states/washington#property_division
West Virginia http://www.divorcenet.com/states/west_virginia#property_division
Wisconsin http://www.divorcenet.com/states/wisconsin#property_division
Wyoming http://www.divorcenet.com/states/wyoming#property_division
