People in Missouri considering divorce may wish to expedite their plans in order to finalize before the end of the year. This is because there are some changes to federal tax laws that will go into effect at the beginning of 2019. Some of those changes could have a serious impact on the future finances of people who end their marriages. For people who want to ensure they are governed current tax laws during their split, finalizing during 2018 may be a priority.
Given that the rate of divorce rate in Missouri is above the national average, Missourians are likely aware of the anguish that comes with having to endure custody battles. On the one hand, children often find it emotionally trying to see their parents fight while feeling uncertain about what the future holds for them. On the other hand, not only may parents be terrified that they could end up missing out on a big part of their children's lives, but they might also be confounded by the amount of legal jargon thrown around.
Viewers in Missouri of "Kendra on Top" may recognize Kendra Wilkinson, who got her start in entertainment as a Playboy model. At the age of 32, she has filed for divorce from Hank Baskett, a former professional football player. They exchanged vows in 2009 and have two children, an 8-year-old boy and 3-year-old girl. With a separation date on her legal filings of Jan. 1, her divorce paperwork requested joint legal and physical custody of the children. She gave irreconcilable differences as the reason for the split.
When couples in Missouri decide to get married, they may want to consider creating a prenuptial agreement. This document can specify which property belongs to each individual as opposed to being shared among the both of them and what will happen to shared property if the couple gets a divorce. Another precaution a person should take is difficult-to-appraise property, such as a business, valued before he or she gets married.
Sometimes, coming to an agreement during a divorce proceeding is difficult. A divorce is often about a loss of trust and that can make it hard for the parties to be willing to set aside their differences and do what is best for their future. Property issues can be particularly difficult as items of personal property may have sentimental or emotional value far beyond their apparent monetary value.