Division of Property After a Divorce
Experienced Divorce Attorneys in St. Louis Fighting for You
During a divorce, property acquired over the course of the marriage will be subject to division between the spouses. Due to the complicated nature of this process, it is highly recommended that you seek the professional services of our St. Louis divorce attorneys. At STL Law Group, we want to make sure that your rights and assets are protected throughout the entire legal proceedings.
For legal help with the division of property following a divorce, give us a call at (314) 888-5944 and schedule a free phone consultation.
What Is Considered Marital Property?
In the state of Missouri, there are two types of property: Marital and separate. Separate property is not divided during a divorce and includes property you acquired before the marriage and under other unique circumstances, such as a car purchased during the marriage with money from an inheritance.
Marital property is property acquired during the marriage. This type of property is divided equally between both parties, with some deviation if necessary. Our St. Louis divorce attorneys can help determine whether or not your property is subject to division.
Marital property that may be divided during divorce proceedings include:
- Real estate
- Vehicles, such as cars, boats, and motorcycles
- Furniture
- Stocks and other investment funds
- A business
- Monetary accounts
What About the House?
While most other properties can be divided equally, a home (or other residential property) must be given to one party. There are many factors that are considered by the judge when making a final decision. This includes who made the down payment and when was it made, who paid the mortgage during the marriage, child custody arrangements, the equity of the home, and various other factors. The value of the home will also be used in determining the division of remaining property.
The division of property is a complicated and involved process. Call STL Law Group at (314) 888-5944 and allow our team of St. Louis divorce lawyers to give you the effective representation you need.