Not all Missouri couples who divorce have set financial plans for their individual futures. Often, unresolved issues must first be negotiated and final court decisions handed down before a concrete path toward the future can be envisioned. In the meantime, various aspects of a high net worth divorce may be cause for financial concern.
Unlike some other states in the nation, Missouri is known as an equitable property state, which means property and assets may not necessarily be divided evenly during divorce. In community property states, assets and income earned during the marriage are considered owned equally by the parties. In Missouri, and other equitable distribution states, marital assets are distributed fairly, although perhaps not equally.
A recent study was conducted in a state outside Missouri that analyzed divorce data covering a span of 14 years in several counties. Some of that information most likely involved data from more than one high asset divorce. The results of the study were recently presented at an American Sociological Association conference, and they suggested a link between divorce filings and seasonal traditions of families.
Some Missouri couples may relate to Jermaine Jackson's recent legal woes. The music star's third wife has filed for divorce. Often times, a divorce includes a request for spousal support when one of the spouses claims to be financially unstable. The court has the final say in such circumstances, and legal advice is typically beneficial to anyone facing such issues since laws and guidelines vary by state.
Ending a marriage in court is an intensely personal issue. However, others obviously become aware of many private details when matters are openly discussed in court. In a high asset divorce, or situations where a couple is well known in their Missouri community, there is often a desire to keep proceedings as private as possible.
Ending a marriage in court is seldom easy. Especially in the case of a high asset divorce, it is important to be well-informed and to have a clear understanding of the applicable laws in Missouri. It is said that the time of year that divorce papers are filed can have significant impact on a settlement.
Laws that govern matters of divorce vary by state. In any high asset divorce in Missouri or elsewhere, it is important that one understands all legal terminology contained within a divorce decree in order to make informed decisions and avoid future legal challenges. It sometimes happens that the validity of a divorce may be challenged at a later date, as seems to be the case for the former wife of deceased NFL quarterback Ken Stabler.
In Missouri and beyond, the number of marriages ending in divorce after 20 or more years seems to be on the rise. This means that many who divorce after long-term marriages may be age 50 or older when they initiate court proceedings. A high asset divorce may present some complex legal challenges when a person has been married for decades before filing.
The holidays are typically times of celebration and family social gatherings. Many Missouri parents facing marital struggles tend to place personal issues on the back burner so that they can maintain a festive atmosphere for their children during the holiday season. Come January, however, there seems to be an increase in requests for professional help concerning high asset divorce and other related issues.
After 18 years of marriage, actors Antonio Banderas and Melanie Griffith have finalized their divorce. The divorce appears to have been amicable. In fact, the couple was able to reach a divorce settlement agreement, which was approved by a court. The details of that agreement were just released.