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Property division facts for Missouri divorce proceedings

Anyone navigating a divorce may experience financial upheaval and a change in living circumstances. A great deal of those changes can come about as a consequence a property division settlement. Those in Missouri considering divorce may benefit from knowing the facts about the property division process and how it may affect their future.

Divorce can impact fate of home and finances in Missouri

The act of dividing assets when a marriage is dissolved can naturally involve a great deal of complications. However, one major issue during a divorce may be the fate of what is often the biggest asset owned by the parties -- the family home. For those in Missouri navigating a divorce, the financial impact of what happens with the house can have a significant impact on the outcome of the divorce proceedings and what each party may have as they move forward.

Fate of the family pet can be a property division sticking point

Nearly two thirds of all households have a family pet. When a divorce looms, the fate of that family pet can be a sticking point in the process. While many families in Missouri do not consider the family pet property, that pet will be dealt with as part of a property division decision in all likelihood. While views over how pets are seen may be changing, the law still regards them as property, and there are some tips below for those who have a pet that will part of a divorce settlement.

Divorce may require team approach for those in Missouri

A divorce is rarely a simple and uncomplicated endeavor for anyone. It may take Missouri residents aback to realize all of the aspects of their lives that need to be considered and dealt with during a divorce aside from just simply having a dissolution of a marriage. Because of the scope of issues typically involved, the entire divorce process may require a team approach.

Hiding money and assets during divorce leads to jail time for man

A man has just been sentenced to prison for his actions as his divorce unfolded. The man was convicted for hiding money and assets outside of the country after filing for divorce. In Missouri, courts pay careful attention to how assets are dealt with, and there are very specific laws as to what property is to be split. Just as in this case, hiding of assets during a divorce can lead to serious consequences.

Missouri residents need to discuss mortgage during divorce

Of all of the decisions that need to be made during a divorce, the fate of the marital home and mortgage may be one of the biggest. Missouri homeowners may have a difficult time deciding what to do with their home during a divorce. Knowing all of the possible options may help those in the midst of a divorce decide what the best plan may be as property division decisions are underway.

Understanding financial changes as part of a divorce

The impact a divorce can have on finances is very real. In fact, there is no way to go through a divorce without addressing the economic impact on both parties. Missouri residents can get a clear picture of those economic changes by knowing just how a divorce will affect their bottom line after the split is finalized.

Options for dealing with family business during divorce

The divorce process entails the split of virtually everything a couple had built together. While some assets or property may be easy to split as a divorce unfolds, other shared or marital property can be more difficult to divide. If a Missouri family's business is on the line, those involved in a divorce have a number of options for how that business will fare after the divorce.

Don't get taken advantage of during a divorce in Missouri

It can be easy to go along with decisions or agreements in the spirit of getting a divorce over with. Anyone in Missouri who is embarking on a divorce can benefit from learning how to protect oneself in order to avoid being taken advantage of when it comes to finances. Understanding debts and assets in general is necessary to ensure an equitable property division agreement.