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Saving high-net worth asset from community property law

St. Charles residents may know that under the law, Missouri is a community property state. This means that any property acquired by a husband or wife during marriage, such as real estate, is jointly owned by both spouses even if the accumulated property was originally acquired by one spouse. For this reason, each spouse may have the privilege of ownership in the event of divorce or death.

Joseph J. Porzenski
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