On behalf of Stange Law Firm, PC posted in Family Law on Thursday, April 23, 2020.
Embarking on the process of getting divorced can no doubt be overwhelming. This is especially the case for people who have an extensive number of assets in Missouri. However, a few tips may help people who are starting this family law process to achieve the best results possible in their situations.
First, it is crucial that divorcing individuals complete inventories of their family assets as soon as possible. This process includes creating detailed asset lists that specify the assets’ estimated values and approximate acquisition dates. The latest account statements can be used to verify the assets’ valuations. In addition, tax returns can provide helpful information regarding what marital assets exist and thus are subject to property division.
Second, people who are going through divorce would be wise to identify which assets are most important to them. For instance, some divorcing parties may prefer to keep real estate, whereas others prefer to keep cash assets. Knowing what they want from the start may help them to stay focused on accomplishing their goals and making logical rather than emotion-fueled property distribution decisions.
Fortunately, people who decide to get divorced in Missouri do not have to make these financial decisions alone. A divorce attorney can walk them through each aspect of the decision-making process so that they claim their fair share of marital assets. The family law attorney’s chief goal is to make sure that his or her client achieves the most personally favorable outcome possible given the circumstances surrounding the marital breakup.