How Property & Assets Are Divided In A Divorce
What do you think are the most pressing issues on divorcing couple's minds? Determining how to divide jointly held property and assets is usually high on the list of priorities. Finding a fair and equitable way to divide property and assets is always essential. O'Donnell Law Center is here to help you get a better understanding how how these elements are typically divided during a divorce. Identifying All Properties & Assets The first step a person should take is to make a clearly defined list of all the properties and assets accumulated during the marriage. Such property may include: Your primary residence A second / vacation home Commercial land / buildings Vehicles Boats Valuable jewelry, antiques, and other pieces (or collectibles) Bank accounts Retirement accounts Life insurance policies CDs Stocks Bonds Cash Marital And Non-Marital Property Missouri is considered a "dual-property" state. This means that property (as ...