Over time, you have built a life with your spouse. That lifestyle you have built can include a wide range of assets, from a marital home to investments and retirement funds. When you divorce, the process of dividing up your property can be emotional and difficult.
As your attorney, I can help you through the process, and stand by your side at every step in your divorce. At the Law Office of Barbara Graham, LLC, in St. Louis, I dedicate my practice to helping families reach their goals and find resolutions when going through a divorce. I can help you understand what your rights and options are regarding your marital property in divorce.
How Will Property Be Divided in Your Missouri Divorce?
Missouri is an equitable division state. This means that in your divorce, the court will divide marital property equitably. This may not be a 50-50 split of property. Instead, the court will look at what is fair and equitable given your specific situation. For example, marital misconduct is a factor that can be considered in dividing property, especially if one spouse has done something to dissipate or waste any marital assets.
The first step in this division is to determine which assets and debts are marital. Marital property is any asset or debt acquired during your marriage. This includes:
Real property such as your family home or investment properties
Personal property such as antiques, art and collectibles
Motor vehicles and boats
401(k)s, pensions and other retirement investments
Ownership interests in a business
Bank accounts and investments
After determining whether an asset or debt is marital, then it is important to properly value the property, especially complex assets like ownership interests in a small business. In some cases, I work with business valuation experts in order to ensure that my clients receive a fair share of the marital property.
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For more information or to schedule an appointment with an experienced St. Louis divorce lawyer regarding child support or the need for enforcement or contempt proceedings, please contact me.
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