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Posts tagged "divorce and finances"

Is it better to file for divorce first in Missouri?

11717348_s.jpgIt is not uncommon for a Missouri spouse to contemplate divorce for quite some time before asking their significant other for a divorce. In some cases, the one who was thinking about filing even learns that their spouse was thinking the exact same thing. However, if it can be helped, filing for divorce first is financially a good idea.

Part 2: Financial impact of divorce in Missouri

14342204_s.jpgIn our last post we focused on the importance of budgeting and cutting back on discretionary spending in order to save. While these aspects of financial planning are certainly important, those in Missouri who recently went through a divorce also need to make sure and handle all marital debts, as well as updating insurance and retirement plans.

Part 1: Financial impact of divorce in Missouri

16447022_s (1).jpgMissouri residents who have gone through a divorce know that no matter how well spouses still get along, the divorce can be emotionally draining. It is a major life change that will impact many aspects of a person's life well after the ink is dry on the divorce paperwork.

Part 2: How to prepare for divorce

Prepare for Divorce.jpgIn our last post we focused on the fact that with it almost being springtime, more couples will file for divorce. For many, it is the sense of starting anew and finally doing what they know in their hearts is the right thing. And while we mentioned the importance of talking to an attorney in the planning stages and saving up money for the interim, it is also important to take control of finances and back away from social media during the divorce process.

Part 1: How to prepare for divorce

Thumbnail image for 11842683_s (1).jpgIt is approaching mid-March, which means springtime is right around the corner. For many married couples in Missouri, especially those who were having issues throughout the holidays, some will look at the start of spring as a time of renewal and starting over. Historically, this time of year sees an increase in the number of divorce filings.

Part 2: Divorce and finances

10289774_s (1).jpgIn our last post we focused on the importance of thinking ahead before filing for divorce. How would filing now affect a business? What assets would be considered marital property? However, outside of these aspects, from a financial standpoint, also make sure to think about the importance of honesty and the future in terms of retirement.

Part 1: Divorce and finances

13371859_s (1).jpgDivorce can be tricky from a financial standpoint. The issue though is that when it is time to file for divorce, many make decisions based on emotions. While this is understandable, it is not necessarily the right thing to do from a financial perspective. In fact, just rushing through and signing off on paperwork now, can really come back to bite a person in the end.

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  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806: Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 5 Club Centre Ct., Suite A, Edwardsville, Illinois 62025: Edwardsville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Shawnee County: 800 SW Jackson Street, Suite 812, Topeka, Kansas 66612: Topeka Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

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