Certain aspects of divorce proceedings tend to trigger emotional responses. People feel a sense of attachment to certain assets, such as their retirement savings and the homes where they live. They may find it very difficult to negotiate a way to share those resources...
Property Division
3 credit card issues to address during a Missouri divorce
Credit cards are an important financial tool for most modern families. Married couples often rely on credit cards to cover unusual expenses that crop up between paychecks or budgetary shortfalls when there is a sudden drop in household income. Credit card use can...
Thinking about “getting even” with your spouse? Think again
When you’ve been treated badly by your spouse and are headed for a divorce, it’s only natural to be upset – even angry. However, you need to be cautious about trying to “stick it” to your future ex financially. The wrong move can leave you open to accusations of...
Can Missouri spouses share their home during divorce?
Divorce is a legal solution for those whose marriage has become untenable and/or unhappy. People who have combined households and lives will separate their property and their responsibilities from each other either through mutual agreement or via litigation in family...
Separate property in a Missouri divorce
Ending a marriage is a challenging and draining process. Apart from the emotional aspects, you must also address legal and financial matters, such as the division of property. Understanding the concept of separate property is crucial when it comes to protecting your...
How one spouse’s misconduct can alter post-divorce finances
When people get married, they combine their income and households to secure a better standard of living for both spouses. When they divorce, they have to find a way to split up their shared assets and establish separate households. Oftentimes, divorce leads to at...
How are retirement accounts handled during divorce?
Retirement accounts acquired during a marriage are generally considered marital property subject to division between spouses. Like all marital assets in Missouri, they’re expected to be divided in a “just” or equitable manner – which may not be 50/50. Factors taken...
The retirement account mistake many people make after divorce
Unless a divorcing couple negotiates specific arrangements to the contrary, chances are good that their retirement accounts will be subject to division during a divorce. Any marital income contributed to the accounts are likely to be considered part of the marital...
Why you may need financial experts while dividing assets
There are some financial assets that you can divide fairly easily when you get divorced. For example, you may have a small checking account where you keep money for daily spending. You can simply divide the contents of this account between you and your ex. There...
2 reasons divorce can be more difficult when you own a business
Unless you already have an agreement with one another, the division of your property as you prepare to divorce is typically a major challenge. However, it is more difficult for some couples to handle property division matters than it is for others. The more valuable...