Source: http://www.divorcelawfirms.com/resources/divorce/divorce-state-laws/missouri-marital-property-division.htm
Timestamp: 2017-07-27 18:43:20
Document Index: 561993410

Matched Legal Cases: ['§452', '§452', '§452', '§452', '§452', '§452', '§452', '§452']

Missouri Property Division | MO Settling Disputes for Marital and Non-Marital Divorce Assets and Debts | DivorceLawFirms.com
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When a couple gets a divorce, all property from the marriage
must be sorted out by the courts. Legally speaking, the courts must turn the 1 household that existed
during the marriage into the 2 separate households of each former spouse. Among the many tasks a court must perform, a
universal one is property division, specifically Missouri property division.
licensed attorney who works in these cases. Property division laws can be complex and lawyers have the proper
training/experience to tell the judge what a divorcing spouse wants and/or needs
from the property division.
The purpose of Missouri property division laws is to make
sure that marital property is allocated to each spouse equitably, but not
necessarily in a 50-50 split. Missouri
marital property is divided under the considerations of Missouri Statute §452.330
but the trial court judge receives great discretion when converting Missouri
marital property into separate Missouri divorce property.
Missouri is an equitable distribution state. This means that with regard to Missouri
divorce assets, anything the spouses brought into a marriage usually will not
be included in Missouri divorce assets or Missouri divorce property. The only property that comes into the court's
subject to Missouri Statute §452.330(2).
Marital and Non-Marital Property?
Marital property is defined as all property acquired by
either spouse during the marriage per Missouri Statute §452.330(2). Missouri Statute §452.330(3) contains a presumption that all property
not listed as an exemption that was acquired during marriage is marital
property, regardless of how title is held.
Non-marital property is property listed as an exemption
under Missouri Statute §452.330(2). Some
examples of non-marital property are:
Any property classified as separate under an
Property acquired by gift, bequest, devise, or
The increase in value of property acquired prior
to the marriage or exempt property, unless marital assets including labor, have
contributed to such increases and then only to the extent of such contributions
Under Missouri Statute §452.330(4), the mere commingling of
non-marital property into marital property is not enough to convert non-marital
property into marital property.
property. Under Missouri Statute §452.330(1), the court considers a
The parties' conduct during the marriage
The parties' contributions to the marriage
The parties' economic circumstances
The value of each party's non-marital property
likely award a portion to each spouse depending on each spouses' financial situations.
Example 2: A joint savings account has
$5,000. One spouse contributed $4,000
and the other contributed $1,000. The
Example 1: A spouse got benefits in a
retirement plan after working for 25 years and was married for 10 of those years. The ex-spouse would be entitled to a portion of the retirement plan that was acquired during the marriage.
Example 2: A spouse has an unvested retirement plan. No division takes place until the plan is payable to the spouse who has it. It may or may not be included in the court's property division.
Vehicles: Divided based on the values at
the date of trial or as close to the division date as possible. May be sold or given to a spouse outright.
Example 1: A spouse owns a motorcycle. The motorcycle may be sold with the proceeds to be given to a poorer spouse or the motorcycle may be given
to a spouse outright.
Example 2: A car has a shared title. The car may be sold with the proceeds going to each spouse or simply given to a poorer spouse.
Under Missouri Statute §452.330(5), the property division
order is final and may not be modified. However, if a spouse is being uncooperative you may go back to court to
enforce the order.
Help From a Missouri
It can not be stressed enough that retaining a Missouri
trial judge handling the divorce. Share on Google Plus