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Pet custody cases
Missouri couples who are getting a divorce may find it difficult to settle disputes regarding the division of marital property, especially if the couple has a pet in the mix. Determining who gets to keep the family pet may be an emotional process for all parties involved, and if a couple cannot come to an...
[ CONTINUE READING ]Understanding how divorce affects inheritances
Some Missouri residents may benefit from learning more about what happens to inheritances when a couple files for divorce. Whether or not an inheritance is subject to property division depends on whom the asset was given to and how the asset was utilized upon receipt. By law, inheritances are not generally considered to be marital...
[ CONTINUE READING ]How is property divided in Missouri?
Missouri is not a community property state, so courts will follow the principles of equitable distribution when determining property division during divorce proceedings. When making this determination, a judge will consider several different factors including the value of the property, how much each spouse contributed to the purchase of the property and each spouse's economic...
[ CONTINUE READING ]Property division in a Missouri divorce
In determining the division of property in a divorce, Missouri follows the legal principle of equitable distribution, meaning that marital assets are divided in a way that the judge deems fair. Equitable distribution does not necessarily entail an equal division of assets. Couples may avoid having a court be the one to determine the division...
[ CONTINUE READING ]The importance of refinancing a home after a divorce
As couples work through a divorce and the division of property, they might need to look at how the mortgage is handled while determining ownership of the family home. While the courts may declare that the house legally belongs to one spouse or the other, the lender that is entitled to payments because of a...
[ CONTINUE READING ]Pets becoming sticking point in divorce proceedings
Missouri couples may have heard that pet custody is becoming an increasingly important matter for many who are going through the process of divorce. This may be due to several factors. Firstly, many couples are refraining from having children until later in life and opting for pets instead. Additionally, some pet parents are spending more...
[ CONTINUE READING ]Simplifying the property division phase of divorce
Divorce rates are climbing in Missouri and around the nation, and for many couples this means that preparation for the financial aspects of the process is essential. A clear and reasonable path to a settlement and separation may be the best way to avoid conflict and give both partners resolution. The usual divorce settlement is...
[ CONTINUE READING ]Billionaire in $4.8 billion divorce battle
No one wants to remain in a situation where they are unhappy, so why should it be any different with divorce? No matter how well things start out, people change and drift apart. In the end, if your marriage isn't working out, sometimes the best thing you can do is to file for divorce. In...
[ CONTINUE READING ]Singer’s property still in dispute almost 30 years after divorce
As many people divorced in Missouri may know, settling marital property during a divorce is not always the easiest process. Some couples simply decide to split everything 50-50, but for many it is not that simple. Furthermore, a prolonged dispute can be frustrating when all both parties want is a clean break and a fresh...
[ CONTINUE READING ]Ex-wife of lottery winner gets 2.5 percent in divorce settlement
When couples go their separate ways, they don't always get divorced immediately. They may choose to take some time to consider whether divorce is what they want, whereas others simply don't get around to it. However, if they do eventually decide to divorce, their separation can have an effect on how their marital property is...
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