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.
Does fault factor into property and debt division in Missouri?
Avoiding mistakes, financial and legal, when divorcing
A divorce is a major time of transition in a person's life. All sorts of big and key things can be in flux and shifting during the course of ending a marriage. In this time of great change, mistakes can have ramifications that are very long-lasting in nature.
What resources will you need for your divorce?
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.
Should you sell your home when you divorce?
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.
Divorce can alter your Social Security retirement benefits
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.
Understanding divorce and your car loans, pt.2
In our last post, we were discussing how you could be forced to pay a for a car that your former spouse had been assigned in your divorce.
Understanding divorce and your car loans, pt.1
During a divorce, you can become rather fo
cused on your goal of separating yourself and your finances from your spouse. If you don't have children and won't have a child custody agreement or visitation issues to deal with, you may be able to make a fairly clean break from your former spouse.
Domestic violence and divorce
There are few issues more difficult than dealing with allegations of domestic violence during a divorce case. If there is violence going on in a marriage, the already difficult of emotional and psychological challenges of a divorce will be all the greater. If you are accused of domestic violence, preventing those issues from overwhelming the entire proceeding may be difficult.
