How Is Property Divided in a Divorce?
While the short answer to how property is divided in a divorce is equally, that may not always be the case. Indiana is an equitable division state. Indiana Code states that property shall be divided “in a just and reasonable manner.” I.C. § 31-15-7-4(b). However what is “just and reasonable” is not always clear. Ind. Code § 31-15-7-5 sets forth the presumption for equal division of marital property and the rebuttal, as follows: The court…