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March 2020 Archives

Know about these financial matters before divorce

From the beginning of the separation process to the final dissolution of a marriage and beyond, most couples legally ending their union experience a great deal of stress. Likely, many divorcing Missouri residents feel a loss of control in many areas of life -- living situation, financial state and relationship status, among others. Happily, many divorced individuals report having come out the other end better off financially than when they started the divorce process. However, most people would likely benefit from some guidance to help reduce stress while they are getting there. People who are even thinking about divorce are smart to pay attention to the following financial matters.

Divorce financial expert may offer helpful guidance

Getting divorced is never a simple process, as it involves both emotional and financial issues. This is especially the case if two divorcing individuals have a vast number of assets to split and are having trouble seeing eye to eye on who should get which assets. In this situation, seeking the guidance of a financial expert who specializes in divorce in Missouri may be in order.

Child support: Is your co-parent missing payments?

When you filed for divorce in a Missouri court, your children's well-being may have been your top priority. You understood that the decision you were making was going to have a significant impact on their lives. Like all good parents, you want what's best for them. Perhaps you were greatly relieved when the judge overseeing your case ordered your ex to pay child support.

Being financially informed reduces stress during divorce

Most marriages begin with a happy celebration and with both parties assuming they will enjoy a long, successful union. However, in reality, many marriages do not survive the long haul. In addition to the inevitable emotional impact, many divorcing couples endure significant financial fallout during and following the divorce process. For this reason, Missouri couples who are considering a split or are currently involved in the divorce process are wise to heed the following tips to help them understand and control their investments.

Protecting a business in the event of divorce

Most Missouri couples in the process of ending their marriage must negotiate division of various assets: the marital home, bank accounts, investments, etc. However, if one spouse owns a business independently, he or she will likely want to protect it in the event of divorce. According to an expert, those who are in this position are smart to take steps to shelter their business from a divorce well before the marriage ends.

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