Oregon shouldn’t be a group property state. Because of this marital property are usually not mechanically divided equally in a divorce continuing. As an alternative, Oregon follows the precept of equitable distribution, aiming for a good, although not essentially equal, division of property and money owed acquired throughout the marriage. This considers numerous components past a easy 50/50 break up.
Equitable distribution ensures that the monetary final result of a divorce is simply, contemplating the precise circumstances of every case. Elements such because the contributions of every partner to the wedding, together with homemaking and childcare, the financial circumstances of every partner, and any dissipation of property are taken under consideration. Traditionally, this strategy acknowledges that equality of final result doesn’t at all times equate to equity, significantly when one partner has considerably sacrificed profession alternatives or made non-monetary contributions.