A postnuptial agreement can help during property division

On behalf of Stange Law Firm, PC posted in Property Division on Wednesday, January 29, 2020. Just hearing the term property division typically strikes fear into the hearts of all Missouri residents getting divorced. The process is often messy, intimidating, stressful and emotionally devastating. However, it is an important part of getting divorced. Leaving the matter to chance could leave one spouse in financial trouble after the marriage has ended. Those who enter matrimony with a prenuptial agreement in place have a good chance of reducing the negative fallout associated with property division. Unfortunately, most people do not have this

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Prenuptial agreements must be carefully drafted

On behalf of Stange Law Firm, PC posted in Property Division on Friday, January 24, 2020. Previous posts on this blog have discussed premarital agreements, which are also commonly referred to as prenuptial agreements or even just prenups. To review, a prenuptial agreement allows a couple, prior to marriage, to set out rights and responsibilities between themselves with respect to their finances. While a prenup can to some extent guide the property division process in the event of a divorce or legal separation, many couples with no plans to separate may also enter a prenup for other reasons, such as

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Understanding a Missouri collaborative divorce

On behalf of Stange Law Firm, PC posted in Divorce/Separation on Friday, January 24, 2020. While there might be a perception that all divorces are contentious with the parties squabbling or outright fighting over every aspect of the case, there are some situations where there is relative stability and the couple can negotiate and agree on many issues. This can be useful to expedite the process and keep it civil or even friendly. A collaborative divorce seeks common ground so the case can be settled with as little rancor as possible. The sides will discuss the facts of the case

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What will happen to my 401(k) plan?

On behalf of Stange Law Firm, PC posted in Property Division on Thursday, January 16, 2020. Although there are many types of retirement plans out there, many if not most people in the Saint Louis area have what is called a defined contribution plan like their employer’s 401(k) plan. As the name implies, an employee is free to make contributions into an investment fund that, in theory, will yield a return at a generous rate. These contributions have tax advantages and, in many cases, get partially matched dollar for dollar, up to a certain percentage of one’s salary, by the

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Illinois man arrested for child abduction amid custody dispute

On behalf of Stange Law Firm, PC posted in Child Custody on Thursday, January 9, 2020. In Saint Louis and other areas in the Midwest, divorce can bring about some of the most contentious and emotional issues. Take, for example, child custody disputes. While parents should be focused on the needs and best interests of the child or children involved in the divorce process, the reality is that children could be improperly used to be hurtful and spiteful against an ex. In other cases, a parent may fight to keep a child with them because they truly believe that would serve their best interests.

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How is an inheritance handled during divorce?

On behalf of Stange Law Firm, PC posted in Property Division on Thursday, January 9, 2020. Inheritances fall under the property division process during divorce. As a result, divorcing spouses may have questions related to how an inheritance is handled during this process, as well as methods to protect an inherited asset or property from division when a marriage dissolves. There are generally three categories property is divided into during the property division process. Marital property and separate property are the most common categories but commingled property is another classification that may come up. Marital property is generally subject to the property division process when the couple

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