Springfield Property Division Attorneys
Protecting Your Assets in Greene County, MO
When a couple decides to get a divorce, one of the most contentious issues they will face is how to divide their property. In Missouri, property is divided according to the principle of equitable distribution. This means that the court will divide the property in a way that is fair, but not necessarily equal. The court will consider a number of factors when making this determination, including the financial circumstances of each spouse, the value of the property, and the conduct of the parties during the marriage.
At Cole & Martin Attorneys at Law, LLC, we understand how important it is to protect your assets in a divorce. Our Springfield property division lawyers can help you understand your rights and work to ensure that you receive a fair share of the property. We have extensive experience handling these matters and can provide you with the strong representation you need.
Call (417) 213-5441 or contact us online to schedule a consultation with our firm.
Understanding Property Division in Missouri
Missouri is an equitable distribution state, which means that the court will divide the property in a way that is fair, but not necessarily equal. The court will consider a number of factors when making this determination, including the financial circumstances of each spouse, the value of the property, and the conduct of the parties during the marriage.
Some of the factors the court will consider when dividing property include:
- The financial circumstances of each spouse
- The value of the property
- The conduct of the parties during the marriage
It is important to note that the court will only divide marital property. This is property that was acquired by either spouse during the marriage. Property that was acquired by either spouse before the marriage is considered separate property and will not be divided by the court. The court will also not divide property that was acquired by either spouse during the marriage by gift or inheritance.
Some examples of property that may be divided by the court include:
- Homes
- Vehicles
- Bank accounts
- Retirement accounts
- Businesses
It is important to note that the court will only divide marital property. This is property that was acquired by either spouse during the marriage. Property that was acquired by either spouse before the marriage is considered separate property and will not be divided by the court. The court will also not divide property that was acquired by either spouse during the marriage by gift or inheritance.
Property Division FAQ
How is property divided in a divorce in Missouri?
Missouri is an equitable distribution state, which means that the court will divide the property in a way that is fair, but not necessarily equal. The court will consider a number of factors when making this determination, including the financial circumstances of each spouse, the value of the property, and the conduct of the parties during the marriage.
What is considered marital property in Missouri?
The court will only divide marital property. This is property that was acquired by either spouse during the marriage. Property that was acquired by either spouse before the marriage is considered separate property and will not be divided by the court. The court will also not divide property that was acquired by either spouse during the marriage by gift or inheritance.
What is considered separate property in Missouri?
Property that was acquired by either spouse before the marriage is considered separate property and will not be divided by the court. The court will also not divide property that was acquired by either spouse during the marriage by gift or inheritance.
How does the court determine how to divide property?
The court will consider a number of factors when making this determination, including the financial circumstances of each spouse, the value of the property, and the conduct of the parties during the marriage.
Call (417) 213-5441 or contact us online to schedule a consultation with our firm.
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