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How is Property Divided in a Missouri Divorce?

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How is Property Divided in a Missouri Divorce?

How is Property Divided in a Missouri Divorce?

Divorce can be a challenging and emotional process, and one of the most complex aspects is property division. As an experienced attorney with over two decades of practice in family law, I, Scott A. Hamblin, have helped many clients navigate this intricate issue with clarity and confidence. I am here to help you understand property division in Missouri divorces. My goal is to help you understand your rights and protect your interests Throughout this process.

What Does Equitable Distribution Mean?

Missouri follows the principle of equitable distribution, which means that property is divided fairly but not necessarily equally between spouses. Unlike community property states where assets are split 50/50, Missouri courts strive for a division that is just and reasonable based on the circumstances of each case. This approach takes into account multiple factors to ensure that both parties receive a fair share of the marital estate.

Marital vs. Non-Marital Property

In a Missouri divorce, it is crucial to distinguish between marital and non-marital property. Marital property includes all assets acquired by either spouse during the marriage, regardless of whose name is on the title or who purchased the item. Non-marital property, on the other hand, consists of assets owned before the marriage and gifts or inheritances received by one spouse during the marriage, provided they have not been commingled with marital assets.

It is important to note that non-marital property can sometimes become marital property if it is mixed with marital assets. For instance, if a pre-marriage savings account is used for joint expenses or investments during the marriage, it may be considered marital property.

Factors Influencing Property Division

When dividing marital property, Missouri courts consider several factors to determine what is fair and equitable. These factors include:

Economic Circumstance

The court examines the financial situation of each spouse at the time of the property division. This includes their income, employment status and potential future earning capacity. The goal is to ensure that both parties can maintain a reasonable standard of living post-divorce.

Contributions to the Marriage

Contributions are not limited to financial input. The court also values non-economic contributions such as homemaking, child-rearing and supporting the other spouse’s career. Each spouse’s role in acquiring and maintaining the marital property is taken into account.

Value of Non-Marital Property

The value of any non-marital property set aside to each spouse plays a significant role. The court assesses whether one spouse has substantial non-marital assets that might justify awarding more marital property to the other spouse.

Custodial Arrangements

The court also considers the custodial arrangements for any children from the marriage. If one spouse is awarded primary custody, the court may grant them the family home or other assets to ensure stability for the children.

Contact a Jefferson City Divorce Lawyer

Navigating the complexities of property division in a Missouri divorce can be daunting, but you don’t have to face it alone. With my experience as a family law attorney, I am dedicated to providing compassionate legal representation to ensure your interests are safeguarded. Every case is different, and I will work closely with you to develop a strategy tailored to your specific needs and goals.

If you need legal assistance with your divorce, contact me, Scott A. Hamblin. Together, we can work towards a fair and just resolution that protects your future.

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