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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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Arkansas is an "equitable distribution" state. All of the marital Property acquired during the Marriage is divided equally between the spouses. However, if the court finds the division to be unfair, it may redistribute the Property, after consideration of the following factors:
(1) the contribution of each spouse to the preservation, appreciation, or acquisition of the marital Property, including the contribution of each spouse as homemaker; (2) the length of the Marriage; (3) the age, health, and station in life of the spouses; (4) the occupation of the spouses; (5) the amount and sources of income of the spouses; (6) the vocational skills of the spouses; (7) the employability of the spouses; (8) the estate, liabilities, and needs of each spouse and the opportunity of each for further acquisition of capital assets and income; (9) and the federal income tax consequences of the court's division of the Property.
The spouse owning it retains the separate Property of each spouse, consisting of Property acquired prior to the Marriage, and any gifts or inheritances,, unless the court finds it necessary to divide the separate Property in order to achieve an equitable distribution. [Arkansas Code of 1987 Annotated; Title 9, Chapter 12-315].
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