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Community Property Vs. Equitable Distribution in a Midwest Divorce

If you are planning to end your marriage in Missouri, Illinois, Oklahoma, or anywhere else in the Midwestern United States, it’s important to know the legal statutes that will come into play as your divorce case unfolds. Many people hold misconceptions about how property division works in a divorce, and every state upholds unique laws for the property division process. However, property division laws at the state level are divided into two general categories: equitable distribution laws and community property laws. An experienced attorney can help you prepare for property division in divorce by outlining which property division laws will

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Reclaiming personal assets after a divorce may be simple

On behalf of Stange Law Firm, PC posted in Property Division on Wednesday, June 24, 2020. When you feel the desire to get married, you want to be all in. You want to state to the world that this is the person for you and you are for them. You are in for their successes and their failures, and you may be willing to stake your assets to protect them. But what if it’s time to consider your assets to protect yourself? Divorce is never something that people think about when they are sure about marriage, which is why it is often difficult to separate out

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Not sure what to do with the family home? Decide, or a judge will

On behalf of Stange Law Firm, PC posted in Property Division on Wednesday, June 24, 2020. When you decided to divorce your spouse, you hadn’t thought about how you were doing to split your home. That’s where most of your money is held, and by selling your home, you think you’d get enough to put a down payment on your own. Your spouse has said that they would like to remain in the home, but they don’t have the money to buy you out. That has put you in a tough position because you think selling is the best option. Negotiating can help you

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You can seek more than half your property, but is it fair?

On behalf of Stange Law Firm, PC posted in Property Division on Thursday, May 28, 2020. You and your spouse have kept most of your assets separate. During your marriage, you focused on buying the things you needed for yourself and they bought what they needed for themselves. It was rare that you’d invest in anything that was truly shared, other than furniture or appliances. Now that you’re divorcing, you find it shocking that your spouse is trying to keep many of the assets you purchased during the marriage. You had always thought that they’d be reasonable, but all of

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How does divorce affect property in Missouri?

On behalf of Stange Law Firm, PC posted in Property Division on Wednesday, May 27, 2020. No one is thinking about it when they say their vows, but roughly half of people who get married end up getting divorced. Divorce is usually not quite so simple, as people need to recreate individual lives with their own assets. So who gets what assets? How does Missouri work out property division in a divorce? Some states operate on a “community property” rule and will usually divide the marital assets in half. Other states, including Missouri, have equitable distribution, which gives the courts

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Can’t divide your assets? A judge will do it for you

On behalf of Stange Law Firm, PC posted in Property Division on Friday, May 1, 2020. Divorce is tricky for even the calmest couples, because there can be a large amount of money or a great number of assets at stake. Since Missouri is an equitable distribution state, judges can decide how to divide your property for you in a way that they believe is fair based on your contributions to your marriage. To avoid having a total stranger divide your assets, it’s a good idea to work with your spouse to divide your property instead. Some of the assets

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