Helping Couples Divide Assets And Debts Equitably In A Divorce
There may be no aspect of divorce that is more complex or potentially contentious than property division. As an equitable division state, Missouri requires all marital assets be divided in a fair and equitable manner — not necessarily a 50/50 split. Having a qualified lawyer can help to ensure that you receive a fair property settlement.
At the law firm of Kelly, Symonds & Reed, LLC, we represent men and women in a wide variety of divorce issues, including property division matters involving everything from simple, uncontested divisions to complex property and high-asset estates. We will work closely with you to understand your goals regarding the division of assets and advise you on the potential tax and debt implications of obtaining certain property.
Helping You Through A Complex Process
There are two essential steps that must be taken before the division of assets can take place:
The first is separating marital property from nonmarital property:
- Marital property is any asset that was obtained during the marriage.
- Nonmarital property is any asset independently owned by either spouse prior to the marriage.
The second step is assigning a fair value to each marital asset.
If there are disputes over whether a particular asset is marital property, we will present the most compelling possible argument to support your position in the matter.
Once the marital estate has been established, we can bring in the appropriate experts to value such assets as privately held businesses, real estate and antiques. In every case, our only concern is to put you in the best possible situation as you move forward following the divorce.
Dividing Assets And Debts Using A Prenuptial Agreement
More commonly used in high-asset marriages, prenuptial agreements offer couples a quicker and easier way to divide assets and debts during dissolution proceedings. Marital and nonmarital property and debts are defined before the start of marriage, making them easier to distribute once divorce proceedings have commenced.
If you’re interested in learning more about prenuptial agreements, our attorneys have extensive experience drafting and enforcing these marital contracts.
Get Help From Kelly, Symonds & Reed, LLC, Today
If you have questions about or need help with property division in Missouri, turn to the family lawyers at Kelly, Symonds & Reed, LLC. Contact our Lee’s Summit office to discuss your case with one of our experienced attorneys or paralegals. We offer a free initial consultation to all new clients. We are available during regular business hours and by appointment at other times. You can call 816-347-1818 or send us an email to schedule an appointment.