${site.data.firmName}${SEMFirmNameAlt} Main Menu
Call Today: 855-805-0595

Examining your ex-spouse's claim to your business assets

70654685_S.jpgDivorce in Springfield can be a messy affair, particularly if you and your soon-to-be ex-spouse have considerable assets to divide amongst each other. If your business is included in those assets, then like many of those that we here at the Stange Law Firm have previously worked with, you might be worried about how much interest your ex-spouse may profit from it once your divorce becomes final. Answering this concern first requires an explanation of how Missouri handles property division proceedings. 

The state follows the philosophy of equitable division, meaning that the parties to a divorce may not necessarily receive an equal share of marital assets, but rather what the court determines will be fair. Marital assets are assets are considered to be those accrued while you and your ex-spouse were together. Thus your ownership stake in your business might not be affected by your divorce if your started the company before you were married. What may be is whatever increase in value your company experienced during your marriage. 

Section 452.330(2) of Missouri's state statutes lists the increase in value of property acquired prior to your marriage as being among those assets that are exempt from property division. There is, however, one exception to to this exemption, and that is if said are due to marital assets. Some examples of this may be: 

  • You using personal funds to help promote your company's growth
  • You using your marital home as your company's headquarters 
  • Your ex-spouse working with you to help grow the company

In such a case, your ex-spouse could be entitled a portion of the increase in value of your business relative to the extent that marital contributions helped influence its growth. More information on dividing assets during divorce can be found here on our site. 

No Comments

Leave a comment
Comment Information

Contact Our Team To Get Help Now

Tell us about your case and we’ll get back to you promptly.

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
Stange Logo

Stange Law Firm, PC
901 E. St. Louis
Suite 404
Springfield, Missouri 65806

Phone: 417-799-7887
Fax: 417-799-3344
Springfield, MO Law Office Map

DHQ | Divorce Headquarters Divorce
Headquarters ® App Download The App
Questions? Live Chat Pay Your Bill Online
States of Service

Other Office Locations

  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806 Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 5 Club Centre Ct., Suite A, Edwardsville, Illinois 62025: Edwardsville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

The choice of a lawyer is an important decision & should not be based solely upon advertisements. See additional disclaimers here.