Uniform Marital Property Act

The Uniform Marital Property Act is a legal framework designed to govern the ownership and distribution of property between spouses in a marriage. It aims to ensure fairness by treating most property acquired during the marriage as jointly owned, regardless of whose name is on the title. This means that if the marriage ends, the property is typically divided equally. The Act provides clarity on both financial rights and responsibilities, fostering equity and transparency in marital property matters. It serves as a model that states can adopt to create consistent laws regarding marital property.