What are the Laws in Delaware about How Marital Property Will be Distributed After Divorce?
Delaware is an equitable distribution state. In order to distribute the marital property fairly, a Delaware Court will consider all relevant factors including: the length of the marriage; any prior marriage of either party; the age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties; any alimony award; the opportunity for each party to acquire capital assets and income in the future; the contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker; the value of each party’s separate property; the economic circumstances of each party at the time the decree is to become effective; the desirability of awarding the family home to the parent with primary physical custody of minor children; whether the property was acquired by gift; the debts of each party and; the tax consequences. (Delaware Statutes Title 13, Chapter 15, Section 1513)
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Additional Divorce Articles
- Delaware Divorce Laws – What Your Need to Know!
- What Documents and Supporting Information are Required to be Submitted with a Divorce Petition in Delaware?
- When is Spousal Support or Alimony Awarded in Delaware?
- What are Grounds for Divorce in Delaware?