Property Division In Divorce: Understanding Your Rights In Oklahoma

Are you worried about who gets the house, retirement funds or family business in your Oklahoma divorce? Your financial future depends on how these assets are divided.

At Lily Debrah Cruickshank & Associates, PLLC, our attorneys help protect what you’ve worked for. They guide you through property division with care and clear advice as you work through the dissolution of your marriage.

What Is Considered Marital Property In Oklahoma?

Marital property includes assets and debts you and your spouse gained during marriage, no matter whose name is on the title. This often includes:

• Family home: From Lake Hefner neighborhoods to downtown Oklahoma City homes
• Vehicles: Cars, trucks, boats and RVs
• Bank accounts: Both joint accounts and those opened during marriage
• Investments: Stocks and funds bought after you married
• Business interests: Companies you started or grew together
• Personal items: Furniture, art and household goods

Knowing what counts as marital property helps you set clear goals for your divorce settlement.

How Is Property Divided In An Oklahoma Divorce?

Oklahoma courts divide property fairly, not always equally. Judges look at:

• How long you were married
• What each spouse contributed
• Your financial situation
• Your health and age
• Your ability to earn money in the future

From Oklahoma City to Tulsa, courts look at what’s fair for your specific situation rather than using a simple formula.

What Is Separate Property In Oklahoma?

Separate property stays with its original owner after divorce. This usually includes:

• Things you owned before marriage
• Inheritances meant just for you
• Gifts given only to you
• Items listed as separate in a valid prenup

Be aware that separate property can become marital property if you mix it with shared assets. Keeping good records helps protect what’s yours.

How Are Retirement Accounts Divided In A Divorce?

Retirement savings often make up a large part of what couples own together. Oklahoma courts usually split only the portion saved during the marriage.

A legal document called a QDRO helps divide 401(k)s and pensions without tax penalties. Different accounts need different approaches:

• 401(k) plans need special court orders
• IRAs can be split through your divorce decree
• Military retirement follows federal rules

Our attorneys have experience with division for all of these account types and can help you secure your retirement even after divorce.

Call Now To Protect Your Assets

For help with property division during your divorce, contact Lily Debrah Cruickshank & Associates, PLLC, at 405-694-4309 or use this online form. Our team will help you navigate Oklahoma’s laws while looking out for your best interests.