Property division in Alaska:
Assets owned prior to marriage are deemed separate property, as are assets acquired by gift or inheritance, and are not divisible in a divorce. Debts acquired prior to the marriage will remain the separate liability of each spouse.
All assets and debt obligations acquired after a couple marries will be divided equitably in a divorce if the spouses cannot mutually agree to the division. The court will try to justly divorce the marital estate (including retirement benefits) based on:
- Length of marriage and the level of prosperity established while married;
- The age of each party, in addition to their physical health;
- Each spouse's predicted income potential in the workforce, taking into consideration their educational background and career training, absences from the work-force, and their child care responsibilities;
- The economic stability of each spouse, including the ability to obtain health insurance at a reasonable cost;
- Misconduct of either spouse in the excessive dissipation of the marital estate;
- Whether the custodial parent will be awarded the house, or the right to reside there for a sufficient period of time to raise the children;
- The needs and circumstances of each spouse;
- When and how the property was acquired, the fair market value of the property at the time the marital estate is divided, and its revenue-generating capacity.
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