Trusted Legal Counsel In Family Law And Criminal Defense Matters Since 1984
Handling Complex Property Division Cases
One of the most complicated issues in a divorce is the division of assets and liabilities. All property that you and your spouse own, as well as any debts, must be characterized as separate or marital property. Then, it is all divided under the state laws of equitable division of property.
Having a dedicated and knowledgeable divorce attorney in Kansas City can help resolve this and many other divorce issues. Property division can be complex as each situation is unique. At Howard L. Lotven, A Professional Corporation, our founding attorney has over three decades of legal experience. He can help you determine your divorce goals and seek the best outcome for your individual case.
What Is Marital Property Division?
This is the process in which assets and liabilities are divided. Missouri is an equitable division of property state. This means it is not necessarily a 50-50 split. Instead, each asset or liability is considered and deemed “marital property” or “separate property.”
In a general sense, this means all property acquired during the duration of the marriage is considered marital property. This property is then divided equitably, although negotiations can occur and a judge can determine the final say on any item.
Any “separate property” is not considered part of this process. However, every situation is different and there are many types of property to consider, including real property (such as homes and commercial real estate) as well as businesses, retirement accounts and more.
Reach Out To Us About Your Divorce Issues Today
Nuanced aspects of Missouri law and subtle differences in property ownership can make simple matters into complex, drawn-out legal battles. That is why it is so important to have a seasoned attorney at your side to advocate for you and help you with the divorce process.