The division of property in a divorce typically involves the equitable distribution of marital assets and debts. In equitable distribution states, courts aim to divide marital property fairly but not necessarily equally. Marital property generally includes assets acquired during the marriage, such as homes, vehicles, retirement accounts, and investments, while separate property, such as inheritances or gifts received by one spouse, may be excluded from division. Factors considered in property division may include the length of the marriage, each spouse’s contributions to the marriage, earning capacity, and any prenuptial agreements in place. It’s essential to consult with a knowledgeable attorney to understand how property division laws apply to your specific situation.
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