Ending a marriage is not always an easy process. It can take time, and it can be rather frustrating. Sometimes, couples may find the process stalled due to disputes. Property division, for example, is one area of divorce that many Missouri couples may find difficult to figure out.
Who gets to keep what? What is fair for both spouses? Missouri is known as an equitable distribution state, which means that both parties should walk away from the marriage with a fair settlement, not necessarily an equal division of property. There are several factors that need to be considered when figuring out what exactly is a fair distribution. Some of these include child custody arrangements, each spouse’s economic situation, and the contribution of each party to the marriage and acquisition of property — among others.
When going through the divorce process, not all assets are up for grabs. Property that is deemed separate is likely to remain with the individual who brought it into the marriage. The only way for the other party to make a claim on such property is to prove that the asset is really considered co-mingled property. Legal counsel can help you figure out the best way to approach this type of issue. To learn more about this and other property division concerns, please feel free to visit our firm’s website.
There is nothing wrong with wanting to leave your marriage with a divorce settlement that is fair. You deserve that. With legal assistance, Missouri residents who are ending their marital unions can take the steps necessary to achieve that goal.
