Wyoming Property Division Factors
In Wyoming, the property and debt issues are typically settled between the parties by a signed Marital Settlement Agreement or the property award is actually order and decreed by the District Court within the Decree of Divorce.
Wyoming is referred to as an "equitable distribution" state. When the parties are unable to reach a settlement, the District Court will take the following approach to dividing the assets; First, it will go through a discovery process to classify which property and debt is to be considered marital. Next, it will assign a monetary value on the marital property and debt. Last, it will distribute the marital assets between the two parties in an equitable fashion. Equitable does not mean equal, but rather what is deemed by the District Court to be fair.
The court shall make such disposition of the property of the parties as appears just and equitable considering the follwoing factors: 1. having regard for the respective merits of the parties and the condition in which they will be left by the divorce 2. the party through whom the property was acquired and the burdens imposed upon the property for the benefit of either party and children. (Wyoming Statutes - Title 20 - Chapters: 20-2-114)
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