How Is Property Divided in a Divorce in Missouri?
When going through a divorce in Missouri, understanding how property is divided can be essential for planning your future. Missouri follows an equitable distribution approach, which starts with a 50/50 split but can be adjusted based on several factors. Here’s what you need to know. Marital vs. Separate Property One of the first steps in dividing property is determining whether its marital or separate property. Marital property generally includes anything purchased or earned during the marriage, regardless of whose name is on the title or account. This includes: On the other hand, separate property typically includes assets owned before the marriage, inheritances, or gifts received solely by one spouse. How the Court Decides Property Distribution While the starting point is a 50/50 division, Missouri courts…