FAQs: Property Division in Springfield, MO, Divorce Cases
One of the most contentious aspects of most modern divorce cases is property division, or the formal legal process of dividing marital assets and debts in divorce. Every state enforces different statutes for handling property division, and Missouri is one of many US states to enforce an equitable distribution law. This means a divorcing couple must split their marital property in the fairest possible way. While the equitable distribution principle may seem fair and straightforward, divorcing spouses rarely agree as to what is “fair” regarding the division of their property. State law enables both parties to retain ownership of their