Missouri couples who are getting a divorce will need to divide shared property, but there are common errors many make at this stage. For example, a person might decide to keep the home while the other person keeps an asset that has an equal value such as a brokerage or checking account. However, the upkeep of the house is likely to be much more costly than maintaining a more liquid asset. Furthermore, a person might even find that it is not possible to maintain the house on just one income.
Pitfalls in property division during divorce
Deescalating a tough divorce
While some divorces are relatively quick and painless, others can be drawn out and brutal. When a toxic ex makes separation complicated, there are things that a Missouri divorcee can do to make the process easier.
When the nightlife is a job, there's a higher chance of divorce
Couples in Missouri may be interested in some findings that associate certain occupations with the likelihood of divorce. Data from a 2015 survey shows that people who work in fields that involve travel or nightlife are the most likely to get divorced. Bartenders come out at the top of the list of highest divorce rate by profession.
Protecting the ability to retire after divorce
When Missouri couples want to get divorced, it is important for them to think about their future abilities to retire. Retirement accounts must also be divided between the spouses in an equitable manner, but the division of the accounts may require special considerations and paperwork.
