Understanding Wyoming's Equitable Distribution System ✔️ Equitable, Not Equal Wyoming follows the principle of equitable distribution, meaning property is divided fairly but not necessarily equally. Courts consider several factors, including each spouse's financial situation and contributions during the marriage. ✔️ Marital vs. Separate Property - Marital Property: Assets acquired during the marriage, regardless of whose name is on the title. - Separate Property: Assets owned before marriage or acquired through inheritance or gifts. 💡 Practical Tip: Keep clear records of separate property to avoid disputes during the division process. Key Factors Courts Consider in Property Division ✔️ Length of the Marriage Longer marriages may lead to a more even division of assets, especially if one spouse contributed as a homemaker. ✔️ Financial Contributions Both monetary contributions (income, savings) and non-monetary contributions (homemaking, raising children) are considered. ✔️...
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