Legal Question in Family Law in Oklahoma
Oklahoma Divorce Law
Is an inheritance such as bank stock considered community property in a divorce case involving a 35 year marriage?
Asked on 3/21/07, 11:37 pm
1 Answer from Attorneys
Steve Chlouber
Fuller, Chlouber & Frizzell, L.L.P.
Re: Oklahoma Divorce Law
First of all, Oklahoma is NOT a community property state, but an equitable division state. Equitable does not necessarily mean equal, but it normally comes out close to 50/50 in division of marital assets and debts. With regard to an inheritance, it is NOT marital property unless you turn it into marital property by your actions, e.g. titling stock in joint tenancy with spouse, etc.
Answered on 3/22/07, 12:49 pm