With all the discussion regarding high divorce rates across the country, Missouri residents may be surprised to learn that it is actually the lowest it has been since 1980s. This could be explained by the fact that marriage rates are also very late - only 26 percent of millennials are married, according to the Pew Research Center. The approach to marriage has also evolved over time, according to experts.
November 2017 Archives
A Missouri prenuptial agreement is one way that couples determine the distribution of their assets -- they divide up property, income and debt before getting married to ensure there will be little to contest, if the marriage ends. Another way couples separate their assets and debts is while they are married, by entering into a post-nuptial agreement. However, for various reasons, not everyone enters into these types of agreements and leave themselves open for legal disputes, if they end up divorcing.
As was mentioned previously on the St. Charles Divorce Law Blog, the date on which assets are valued for property division in a divorce is am important decision-the value can change depending on the date chosen. The two options generally available to couples are either the date of separation or the date of the trial. Building on this, it is important to understand the importance of the date of separation in the context of family law decisions during the divorce.
Most people know that a marriage is never easy- it takes hard work on part of both of the spouses to make it work. This is perhaps why individuals who have been divorced before or have divorced parents hesitate to tie the knot, and others wait until they are much older before getting married. But could they be setting themselves up for failure? According to experts, these same reasons could be factors that could increase their likelihood of getting divorced.
Divorce brings with it many complicated family law issues and property division is one of them. When a couple separates, their marital assets are divided amongst them depending on the property divisions laws of that state. In order to ensure that asset division takes place property, it is essential that those assets be valued. This seems like a straightforward process-the parties choose a date and the assets are valued as of that date. Unfortunately, it is not as straightforward at all and in fact can end up being quite complex.