Country and Golf Club Memberships

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Country and Golf Club Memberships

Country Club Memberships in Divorce in Missouri, Illinois, Kansas, or Oklahoma

Country club and golf memberships can give a family significant joy. It can be an outlet for adults to find some relaxation through playing golf or tennis. It can also be a place for the whole family. Many country clubs, for example, have great recreational options for the whole family from pools, tennis courts, restaurant facilities and the ability to attend special events. Many also form great friendships, bonds and connections at the golf our country club.

This leaves some divorcing parties to contemplate what is going to happen with their golf and country club membership. For parties who have made the country and golf club a significant part of their life, this can cause stress. The reality is that country club and golf memberships are generally considered a marital asset to be divided in divorce. This is particularly true where the country club or golf membership was acquired during marriage.

The question many then have is who gets the country club membership in the divorce? While it may be more cumbersome to divide intangible items such as these on the surface, country club memberships can be subject to equitable distribution. This means that it will be divided in a just manner when considering all the factors. On the surface, this may seen vague. But the reality is that the country or golf club membership is treated as any other marital asset.

For many, they might need to figure out how they and their spouse want to handle the membership. It can also be important to figure out the club’s policies to determine how memberships are handled after a divorce. Many country clubs have policies that are important to look at in the case of divorce.

Equitably Dividing the Country Club or Golf Membership in St. Louis, Kansas City, Columbia, Springfield, Tulsa, Wichita or Beyond

Country club memberships cost often cost hundreds of dollars are more per month. Some couples prepay a certain period in advance, which can make this a significant asset. Additionally, the right to use the country club may be very important for both parties. Some parties may even own stock in the country club. In this scenario, getting the stock valuated can be important.

In the end, most country clubs will also honor the couple’s divorce order or separation agreement and grant the membership accordingly. This is why most parties will want to ensure that they negotiate thoroughly about the country or golf club members or be prepared to present their case at trial if an agreement is not reached.

In some instances, some clubs provide spouses who were not granted the membership with the option to join the club on their own after the divorce in finalized. Of course, in some cases, parties may not want to do this and may find it uncomfortable to be members of the same club. But if both parties want to stay a member of the same club, some clubs will give a break on the initial fees to the secondary spouse.

What if You Cannot be a Member?

Some clubs have fairly strict membership requirements and will not allow both spouses to retain privileges simultaneously after a divorce. If this is the case, the spouse listed as the primary member will often be granted the membership or stocks. Secondary members on the policy then might request half the estimated value. They can then choose to join another country or golf club of their choosing.

Stange Law Firm, PC Can Assist With Country Club and Golf Memberships in Divorce

If you are going through a divorce where a country club or golf membership is an important issue, you can contact us online or call us at 855-805-0595.

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Helpful Information Regarding High Net Worth Divorce From our Webpage

To learn more about our work in the area of high net worth divorce, please follow the links below:
Can I afford to get a divorce with a large sum of assets
We frequently hear this question from people who believe that they have too much to lose to divorce. They stay in marriages in which they are unhappy — sometimes for years — when they believe they cannot afford to get a divorce.
Hidden assets
Divorces — especially those involving division of closely held small to mid-sized businesses — can sometimes involve hidden assets. When this happens, we have the resources and connections necessary to locate them for proper division.
Valuing professional practices and businesses
Valuing a professional practice can be extremely difficult because much of the value is in the individual's contribution, not in merchandise or interests that can be easily divided. If you have questions, we have answers.
Pensions, IRAs and 401(k)s
Missouri law significantly affects the division of retirement savings accounts. If many of your assets are in IRAs or 401(k)s, we can talk with you about your options.
Qualified Domestic Relations Orders
QDROs create or recognize the existence of an alternate payee's right to receive all or a portion of the benefits payable under a retirement plan. We can explain what this means for you.
Divorce Tax Issues
For some, they can have significant questions and concerns about how getting divorced might effect them from a tax perspective. We can help ensure that clients can get the tax advice they need from tax professionals.
Maintaining Lifestyle
Many individuals have spent their entire life working hard in order to maintain a lifestyle that they have sought out. We can help individuals going through divorce ensure that they are put in the best financial position possible after a divorce.
Business Owners
Many individuals have spent their whole life trying to create a successful business or they have assisted their spouse build up this interest. It can be stressful when that business interest becomes part of a divorce proceeding. However, we an help ensure that a business interests are fairly evaluated.
Prenuptial & Postnuptial Agreements
Prior to entering into a marriage, or after the wedding date, many individuals are interested in putting together a prenuptial or postnuptial agreement to ensure that there are not lengthy and contentious divorce proceedings later if the marriage ends in divorce In these instances, we can help.
Farm Divorce
In certain cases, parties going through a divorce may own a family farm. This can result in the farm itself, equipment, livestock and other valuable assets being put in play in a divorce. We can help you if this is the case.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Vocational Examination
The income producing potential of a husband and wife can be an important issue in a spousal support or child support case. A vocational examination can be useful in many of these cases where the current income of a party does not appropriately reflect what they could make.
Real Estate Portfolios
Real estate can be an important issue in divorce cases where the parties own rental property and other valuable real estate. We can work with parties in these types of cases to make sure these assets are property valuated and apportioned.
Delayed Compensation
In some situations, a party may be compensated through delayed compensation. This is an important area that should not be over-looked in a divorce.
Overseas Assets
Overseas assets can be significant issue in certain cases. It is vital that you have an attorney who understands how to address this issue
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