Enter Your Zip Code to Connect with a Lawyer Serving Your Area
How are assets divided up in a Missouri divorce?
This site does not provide legal advice and users of this site should not interpret any of the information presented here as legal advice. The information provided merely conveys general information related to commonly asked legal questions. We are not a law firm and the employees responding to questions are not acting as your legal attorney. You should ultimately consult with a Lawyer for your case.
In a Missouri divorce, property owned by the couple is divided up based on the idea of equitable distribution. What this equitable distribution division of assets MO divorce means is that any property the couple aquired during their time together is considered “marital property” that can be divided between them. However, unlike in a community property state, the property that the spouses own will not necessarily be split on a 50-50 basis.
When the divorce takes place, then, the assets that the couple owns need to be distributed fairly between them. Fairly does not mean on a 50-50 basis, however. It means according to what the court believes is right based on each parties contribution to the marriage.
Equitable distribution can be a more confusing means of dividing property than community property, since everything isn't simply split in half. This means if you are undergoing a divorce in Missouri and you wish to understand what assets you are likely to receive if the divorce is litigated, you should strongly consider speaking with a lawyer for help.
References: