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property division Archives

Appraising your business for a divorce settlement

A divorce can be a complicated, heart-wrenching and often frustrating process; even when both of you agree it is the best step. When one or both spouses own their own company, getting a valuation that reflects the value is critical. At Turken & Porzenski, L.L.C., we have experience representing clients whose divorce proceedings include business valuation and division.

How can I successfully negotiate a divorce settlement?

Dividing property and assets can be difficult for most Missouri couples facing divorce. Even if you have a good idea of who owns what and how marital property should be divided, your spouse might not feel the same way. That’s why BankRate.com offers the following tips to couples, to ensure they enter into negotiations fully informed.

Dealing with a 401k in a divorce

A 401k is likely not the first asset that comes to mind when divorcing couples in St. Charles start to discuss property division. Yet by the conclusion of divorce proceedings, how such an account is divided can easily be one of the most contentious issues. Indeed, according to a survey of the American Academy of Matrimonial Lawyers, those polled claimed that 62 percent of their clients fought over the equitable distribution of retirement accounts. 

Why do I need a prenuptial agreement?

Say the words “prenuptial agreement” and you are almost sure to see a frown on the face of anyone and everyone in the room. Missouri residents, as well as those in other states, may see such documents as a harbinger of doom to a couple planning a marriage, or at the very least, not a great way to start such an endeavor. But prenuptial agreements have benefits too, some of them reaching beyond the marriage to include security for family members too.

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St. Charles, MO 63301

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