Property Division In Divorce Has Long-Term Implications
We Work To Put You In The Best Possible Position To Move Forward
Determining how to divide the assets you have accumulated over the course of your marriage can be among the more contentious and complex challenges of a divorce. In both Kansas and Missouri, assets are categorized as being either marital property or nonmarital property. Marital property is defined as any property acquired after the marriage and before a legal separation or divorce. Exceptions include property that is acquired by gift, inheritance or a valid written agreement between the parties, such as a prenuptial agreement.
Assets that an individual brings into a marriage — whether it is savings, retirement accounts, real estate or something else — are considered nonmarital property and are not subject to property division as long as they have not been combined with marital assets.
It is important to work with a lawyer like Jill Jackoboice, who has extensive experience working on divorces that include complex holdings, hidden assets, business valuation and other complicated financial situations.
Effective Solutions Reached Creatively
At Jackoboice Law Firm in Kansas City, Missouri, attorney Jill Jackoboice strives to reach agreement on property division disputes without the need to litigate. By doing so, she helps her clients contain costs and retain more control over the outcome. However, if an agreement cannot be reached, Jill is an accomplished litigator who will protect your interests in court.
If the parties involved cannot resolve property division disputes, the court will determine who receives what based on a number of factors. These include:
- The length of the marriage
- Each spouse’s economic situation at the time of the divorce and future earning capacity
- The contribution of each spouse to the acquisition of marital property, including caring for children and serving as a homemaker
- The conduct of each spouse during the marriage; extramarital affairs or other actions that contributed to the failure of the relationship can be taken into consideration
- The custodial arrangement for minor children
We Protect Your Interests Throughout
Many couples have significant assets and complex financial situations to sort through. We have extensive experience working with high-asset cases in which there may be a family business or other unique aspects to resolve.