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5 Helpful Tips to Protect Yourself When Your Spouse Files for Hire An Attorney. You may not know that you are not actually required to litigate a divorce. Cancel Joint Credit Cards. Keep Tight Records. Dont Sign Anything. Choose Your Words Carefully. Protect Yourself.
Marital property in Missouri is defined as any property acquired by either spouse subsequent to the marriage except: Property that was acquired by gift, bequest (received in a will), devise (received in a will), or descent (inheritance);
One of the most frequently litigated areas in this area is inheritance. Under Missouri law, property acquired by bequest, devise or descent is separate property not subject to a division.
How to Financially Protect Yourself in a Divorce Legally establish the separation/divorce. Get a copy of your credit report and monitor activity. Separate debt to financially protect your assets. Move half of joint bank balances to a separate account. Comb through your assets. Conduct a cash flow analysis.
Missouri is an equitable distribution state, which means that your property, assets, and debts will be divided fairly but necessarily equally.
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Non-marital property can become marital property if the separate property commingles with marital assets. This tends to occur when a spouse contributes marital resources to the non-marital property. For example, say you use your own money to put a down payment on a new car before you get married.
Lets go over some basic steps you can take for protecting assets in a divorce. Know What You Own and What Your Spouse Owns. Know the Value of Your Assets. Act Early: Try a Trust or Pre/Postnuptial Agreement. Dont Comingle Assets. Dont Sell, Transfer, or Change Your Property. Hire a Good Attorney.
All property, whether real or personal, acquired during a marriage is considered marital property. Likewise, all debt incurred during the marriage is considered marital debt.
Generally, non-matrimonial property is: Acquired by one party before the marriage or after separation; Gifted to one party; Inherited by one party.
All property, whether real or personal, acquired during a marriage is considered marital property. Likewise, all debt incurred during the marriage is considered marital debt.

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