Jump to Navigation

Is it worth fighting for the house in a divorce in Missouri?

Regardless of the length of the marriage, when a couple marries and settles down in a home that home offers an unparalleled level of comfort for many. A divorce will inevitably mean that at least one, or both parties, will move out, and the home will either be sold or bought out by the other spouse to stay. In Missouri, equitable division determined by the court will help determine how much of the value of the house goes to each party.

Determining who actually gets to stay in the home is often determined by the courts when children are involved, with the home typically being awarded to the parent who is awarded custodial rights. However, the decision to stay in the home or move can be tricky.

To protect the finances of both parties, it is important to understand the value of the home and whether it has increased or decreased since its value was recorded in official court documents. If the value of property has increased since the valuation date, the spouse who is keeping the home may unnecessarily benefit and receive the extra value of the home at the finalization stage of the divorce.

Considering all that a person already has to go through during a divorce, and the potential to let emotions overcome rational decision making, it is important to have other people help in the property division process of a divorce. Whether it is family, friends or legal advice, having a third party with a different perspective can be helpful in protecting assets while in the process of a divorce.

Source: Huffington Post, "What do Do With Your House in a Divorce Case," Christian Denmon, Accessed on Jan. 26, 2016

No Comments

Leave a comment
Comment Information
Joseph J. Porzenski
Email Us  (spam free)

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe to RSS Feed
FindLaw Network

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.