The Marital Home

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The Marital Home

The Marital Home

In most families, the marital home is usually the largest asset they own. When couples divorce, the house and what will happen to it are often a major focal point of the property division proceeding. There are a number of factors that can come into play in these matters, and it is important to seek the advice of an experienced Missouri lawyer who knows the law and can help you understand your rights. At Stange Law Firm, PC, we represent clients throughout Missouri, Illinois, Kansas, and Oklahoma in a variety of complex property division matters. We work with clients to understand their goals with regard to the marital home and develop a customized strategy designed to achieve them. We fully explain your legal options and make sure you have all of the information you need to make a sound decision before we proceed.

What Happens to the House in a Divorce?

The answer to this question is different in every divorce and is often dependent on the spouses’ personal circumstances. In some cases, one spouse will buy out the other and keep the house. In others, it becomes apparent that neither spouse would be able to afford the house alone, so the court will order it to be sold and the profit split between the spouses.There are other issues that need to be addressed with regard to the marital home. If one spouse bought the house prior to marriage and made the entire down payment with personal funds, we can seek to recover it. If one spouse made considerable improvements to the house, compensation could be awarded for the skill and labor that went into them.When you hire our firm, we will learn everything there is to know about your home and use that information to build a compelling argument designed to secure the best possible outcome available in your case.We know how important your home can be to you. We have written an article to help you deal with issues about your home during the divorce process: You’re divorced and now leaving the house: truly, leave it behind.

Contact Our Multi-State Property Division Attorneys

Contact us online or by phone to schedule a confidential half-hour consultation at any of our convenient locations. We have locations in St. Louis, Kansas City, Columbia, Springfield, Wichita, Tulsa, Chicago, Lincoln, and beyond.

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Helpful Information Regarding Property and Debt Division From our Webpage

We also have pages on numerous other topics related to property and debt division from our webpage, including the pages below and on our menu:

High Asset Divorce

If you are considering divorce and have a high net worth, it's important that you have legal counsel in your corner. It is also vital that you have an attorney that is diligent on your behalf.

Divorce Financial Planning

If you will be going through a divorce, conducting divorce financial planning can be critical to ensuring that you can move on with your life on sound financial footing.

Commingling Assets

In many divorce, parties own some assets prior to marriage and then buy additional assets after marriage. Often, these assets can end up being mixed together (or commingled). If this has happened in your case, it is important to work a diligent lawyer.

Transmutation

In some cases, a party might own certain property or assets prior to marriage. After marriage, the assets might become re-titled in joint names, which can result in the assets being transmuted into marital property. Our lawyers can help you if this is what has happened in your case.

Complex Property Distribution

In many high asset divorces, property distribution can be complex and complicated. Our attorneys can help you with difficult property distribution.

The Marital Home

The martial home can often be one of the most prized marital assets in a divorce. The marital residence can also be important as it relates to stability for children in divorce. Our lawyers can assist if this is the case for you.

Real Estate Appraisers

When residential or commercial property is owned in a divorce, ensuring that this property is properly valuated by a real estate appraisal can be critical in many cases. Our lawyer can help ensure you are refered to a competent real estate appraisal.

Trusts

Many parties have either created trusts for their family, or stand to inherit funds through a trust outside of the probate court. In many cases, this can be an important issue in a divorce in which our lawyers can help.

Inheritance

In many divorces, parties have either inherited, or stand to inherit, sums of money from their parents or other relatives. This can be a contentious issue in some cases in which our lawyers can help.

Investment Accounts

In many marriages, parties can have investments accounts where they are saving money in the hopes that they can have a better life, save for their retirement and have assets in which to provide their children and grandchildren. When a divorce takes place, it's vital that these assets be appropriately accounted for in the property division phase of a divorce.

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.

Life Insurance

Term life and whole life insurance policies are commonly held by parties in a marriage. When parties divorce, these life insurance policies can become critically important in terms of the possession of the policies, the beneficiaries that remain on them and who is to make the payments and/or have possession of the cash value in instance of whole life insurance.

Appreciation of Separate Property

In some dissolution of marriages, parties owned and possessed separate property prior to marriage. During the marriage, these assets can often increase in value due, in part, to the contribution of the other spouse. Our lawyers can help individuals in these instances.

Marital Debt

In many cases, debt can be a real problem as it relates to property distribution, albeit through support or marital debt. If that is the case in your divorce, our lawyers can assist.

Jumbo Mortgages

Jumbo mortgages can be an issue in some divorces. If this is the case for you, you can talk to our lawyers.

Property Issues for Unmarried Couples

For many unmarried couples, they can accumulate property and debt. When they separate, the property and debt they own together can become a contentious issue. Our lawyers can often help if this is the case through a partition action.

Quit Claim Deed

Some people wonder how to transfer title out of joint names after a divorce. Our lawyers can help explain how a Quit Claim Deed works.

Refinance

Many are not sure as well how to get a mortgage out of the names of both spouses after divorce. Find out more about refinance and divorce.

Gift Affidavits

Parties oftentimes have to transfer title to their vehicles as part of a divorce. Find out more about how gift affidavits work.

Commissioner to Sell Real Estate

Some divorcing parties are unable to work together to sell their real estate as part of the divorce. You might be interested in knowing more about the possibility of a Commissioner being appointed.

Serving the St. Louis Metropolitan Area, Kansas City, Columbia, Springfield, Wichita, Topeka, Tulsa and Beyond in Missouri, Illinois, Kansas and Oklahoma

From our webpage, you can also read articles about family law, view informational videos, seminar videos, listen to our podcast, download our mobile application or view support calculators for Missouri, Illinois and Kansas.

If you are looking to find and hire a child custody lawyer, contact us online or by phone to schedule a consultation at any of our convenient locations.

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Strategies For Family Law Illinois

Aspatore Books from Thomson Reuters Westlaw

Strategies For Military Family Law

Aspatore Books from Thomson Reuters Westlaw

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