Gavel Insight

Understanding Shared Asset Valuation in Missouri Divorces Divorce proceedings in Missouri often involve the complex task of dividing marital assets. A crucial aspect of this process is asset valuation, particularly when dealing with shared assets. This guide provides a comprehensive overview of asset valuation strategies, compensation methods, and claims processes in Missouri divorce cases, aiming to ensure a fair and equitable outcome. What are Shared Assets in a Missouri Divorce? 💍 In Missouri, marital property is defined as all property acquired by either spouse subsequent to the marriage. This includes, but is not limited to: 💰 Real estate (homes, land) 🏦 Bank accounts and investments 🚗 Vehicles 💼 Retirement accounts (401(k)s, pensions, IRAs) 📈 Stocks and bonds 📜 Business interests 💎 Personal property (furniture, jewelry, artwork) Assets acquired before the marriage or received as gifts or inheritance during the marriage are typically consi...

Understanding Spousal Support Modification in Missouri ⚖️ Spousal support, also known as alimony or maintenance, is a payment from one spouse to the other following a divorce. In Missouri, spousal support is not always a given and is dependent on several factors. Crucially, spousal support orders aren't always set in stone. They can be modified under certain circumstances. This guide will walk you through the process of seeking a modification of spousal support in Missouri, covering the grounds for modification, the strategies involved, and practical advice to help you navigate this complex area of family law. Is Your Spousal Support Order Modifiable? 🤔 The first, and arguably most important, question is whether your spousal support order is even modifiable. In Missouri, the modifiability of spousal support depends on the specific language within the original divorce decree. Generally, spousal support orders are modifiable unless the agreement explicitly states that ...