Generation
Information About Legal Topics
Topic 124: Division Of Property
(revised 11/97)
Missouri
Courts will award property acquired during the course of a
marriage according to the circumstances of the case.
The courts
consider many factors in dividing of property. Some of the
factors are the contributions of each party including the
contribution of a spouse as homemaker; the economic circumstances
of each spouse at the time of divorce and the parties' conduct
during the marriage.
In general,
all property acquired during the marriage is subject to division
by the court, even if property is titled in the name of only
one spouse. There are some exceptions to this maxim. For example,
if one spouse obtains certain property by gift or inheritance,
the property is that spouse's separate, non-marital property.
Property
owned by one spouse before the marriage is, as a general rule,
considered non-marital and will be set aside to that spouse
free of any claims of marital interest. However, if after
the marriage the parties invest joint funds to improve the
property or make payments on the purchase money mortgage,
then the non-owner spouse may have a marital interest in the
property.
An important
factor in the division of property is custody of minor children.
In most cases, the courts are inclined to consider the needs
of a custodial parent to own or occupy the marital residence
in deciding which party should retain the home.
Arriving
at an equitable division of marital property in a divorce
proceeding can be tricky and complex. It is, therefore, vital
that you see an attorney to protect your interests.
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