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Division of property between divorcing spouses is a potential issue in all dissolution cases, even if no children are involved and neither spouse is seeking maintenance. To understand how property is divided, it is necessary to know the difference between "separate" (also called "non-marital") property and "marital" property. A somewhat simplified explanation of these types of property follows: Separate property is:
Marital property is:
The distinction between separate property and marital property is important because each spouse is entitled to retain his or her separate property in any event, while marital property is subject to being divided between the spouses by the court if the spouses cannot agree. The burden of establishing that a particular item of property is separate property is on the spouse who claims the item as separate property. If the spouses cannot agree on property issues, the court will have to decide after hearing evidence at a trial. While the starting assumption is that division of marital property should be approximately equal, the court has the power to deviate from this general guideline after considering relevant factors specified by the statutes, which include:
In addition to dividing marital property, Missouri courts have statutory authority to allocate responsibility for payment of debts between the divorcing spouses. This can be crucial in ensuring an appropriate overall division of property. |
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