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Joint Industry Property: Oklahoma
Generally, this type of property will include
the value of any property or the increased value of any property
which resulted from the joint efforts, skill or funds of both
spouses during the time of marriage.
For instance, a cottage purchased prior to
marriage for $75,000 that is valued at $100,000 at the time of
death as the result of both spouses investing joint funds in its
improvement may have the $25,000 of increased value considered
as property acquired by the "joint industry" of both spouses.
This differs from the concept of
community property, which typically grants the spouses equal
ownership of property which is merely acquired by either spouse
during the marriage.
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