Menu Menu Contact Contact
To protect your safety during the coronavirus (COVID-19) crisis, we “strongly encourage” telephone and video conferences, versus face-to-face meetings. Please contact our office today to set up a remote consultation. For more information, read our blog post.

MISSOURI, ILLINOIS, KANSAS & OKLAHOMA FAMILY LAW ATTORNEYS

Here to Help You Rebuild Your Life™

Legal Services At Stange Law Firm

Our Legal Services

The basics of commingled assets

28342750_S.jpgAs this blog has discussed before, marital property is subject to the property division process when a couple divorces. This means that separate property is not subject to the property division process but there is a third category of property that can come up during divorce and property division that divorcing couples should be familiar with which is commingled property.

It can be helpful to look at the various definitions of property the family law court uses when dividing property. Marital property is divided during divorce according to property division rules. Marital property generally refers to property and assets acquired by the divorcing couple during marriage. Separate property, which is commonly not subject to the property division process, includes property one of the spouses entered the marriage with, inheritances, gifts and personal injury awards.

Commingled property can be a third category of property that comes up that may be subject to the division process. One of the most common examples of commingled assets is when one spouse puts separate property assets into a marital asset. It is important for divorcing spouses to be familiar with this category of property because the separate property spouse may need to trace the funds and the other spouse may want to fight to characterize them as marital property if they have been used to improve a marital property asset.

When commingled assets come up during the divorce and property division process, divorcing spouses should be prepared to handle that concern. Trained guidance through the property division process can help divorcing spouses protect their interests and reach a property division settlement agreement that benefits both of them according to equitable property division principles.

No Comments

Leave a comment
Comment Information

Contact Our Team To Get Help Now

Tell us about your case and we’ll get back to you promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Stange Logo

MAIN OFFICE LOCATION

Stange Law Firm, PC
120 S. Central Avenue
Suite 450
St. Louis (Clayton), Missouri 63105

St. Louis Law Office Map

Toll Free: 855-805-0595
Fax: 314-963-9191
View Other Locations

DHQ | Divorce Headquarters Divorce
Headquarters ® App Download The App
Pay Your Bill Online
States of Service

Other Office Locations

  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806: Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 25 Professional Park, Suite B, Maryville, Illinois 62062: Maryville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Shawnee County: 800 SW Jackson Street, Suite 812, Topeka, Kansas 66612: Topeka Office
  • Tulsa County: 6660 S. Sheridan Road, Suite 240, Tulsa, Oklahoma 74133:  Tulsa Office
  • Oklahoma County: 2601 NW Expressway, Suite 411 W, Oklahoma City, OK 73112:  Oklahoma City Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

The choice of a lawyer is an important decision & should not be based solely upon advertisements. See additional disclaimers here.