South Dakota is a/an __________ property state regarding marital property.
Correct Answer
B) Common law (separate property)
South Dakota is a common law (separate property) state. Property acquired by one spouse during marriage belongs to that spouse individually, unless both names appear on the title. Upon divorce, the court applies equitable distribution principles.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
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