One of the most challenging aspects of divorce is dividing property. Property division can be a complex process, especially when it comes to determining what is considered marital property and what is separate property.
When a couple decides to get divorced, they must divide their property and debts. This process is known as property division. In some states, property is divided equitably, meaning it is divided fairly, but not necessarily equally. Other states have community property laws, which means that property is divided equally between the spouses.
During a divorce in Missouri, property is divided according to the principle of equitable distribution. This means that property is divided in a manner that is fair, but not necessarily equal. Because of Missouri’s property division laws, the court will consider various factors when dividing property, including each spouse’s income, the length of the marriage, and each spouse’s contribution to the marriage.
It is important to note that separate property is not subject to division during a divorce. However, if a separate property has increased in value during the marriage, that increase may be subject to division. If you are going through a divorce in Missouri, working with an attorney who can help you understand your rights and ensure that your property is divided fairly is important.
The divorce attorneys at Haefner Law Office will be a valuable resource during the property division process. We can provide you with guidance and support throughout the divorce proceedings. Our lawyers can also help you understand property division laws in the State of Missouri. Each state has its own laws regarding property division and certain facets that may not be relevant for your divorce in Missouri.
Haefner will also help you identify all of the assets that can be divided and their value. This can be a complex process, especially when it comes to assets such as retirement accounts and investments. We can work with financial experts to ensure all marital property is properly valued and accounted for. In some cases, a spouse may try and keep certain assets from being divided or even known when a divorce takes place. Each spouse is required to disclose any and all property, income, and other assets during the divorce process.
Related: How do I Find Out if My Spouse is Hiding Assets or Income During a Divorce?
Finally, our divorce attorneys can help negotiate a fair property division settlement. Divorce can be an emotional and contentious process, and it can be difficult to come to an agreement on property division. We are here to act as a mediator between you and your spouse, helping to ensure that a fair settlement is reached.
Not only will we fight to make sure you are receiving your share of your spouse’s assets, we will also make sure your assets are protected. Additionally, we will make sure any debts you may have are distributed equally during the divorce process.
Property division is one of the critical parts of the divorce process. Our family law attorneys can help you navigate this process and protect your interests. They can provide legal advice, negotiate on your behalf, represent you in court, and help you protect your assets.
Dividing property during a divorce can be a complex and challenging process. It is important to work with an experienced attorney who can guide you through this process and protect your rights. If you are going through a divorce and need help with property division, contact us for a free consultation today.