Who wants what property-wise can play an enormous role in divorce negotiations/proceedings. Sometimes, both spouses will strongly desire to keep a certain piece of marital property. For some types of property, one option that might be available in such a situation is to physically split the property, so each person gets some of it.
Most readers are probably aware that, when it comes to property division, different states have different rules. A small group of states utilize an approach to property division known as "community property," which generally involves an equal division of marital assets. Most states, including Missouri, use an approach generally referred to as equitable distribution.
Divorce can be a simple process if you are still very young, have no children, have few assets and your finances are relatively basic. If you were married right out of college, or even during school, and are just starting your careers with modest salaries and your financial portfolio consists of mostly student loan debt, you may obtain a divorce relatively quickly here in St. Louis and go on with your separate lives.
A divorce often requires a reassessment of your living arrangements. Questions of whether you should stay in your home, and as important, can you afford to stay in your home arise. If you have children and have lived in the property for any length of time, you may have developed a strong emotional bond with the home. It may contain many of your fondest memories, you child's first steps, birthday parties, holidays and thousands of others.
One of the problematic issues of divorce is that it affect so many aspects of your life. You may have to change where you live, the type of car you drive, your relationship with your children, your economic lifestyle, and your future economic situation including your retirement. It even can affect your Social Security benefits.