Some Missouri couples may seek to move up their plans for divorce following changes to American tax law signed into effect by President Donald Trump in December 2017 that are scheduled for implementation beginning in 2019. Annually, approximately 800,000 couples across the country get divorced. However, in 2018, that number could be higher as people act quickly to avoid the implementation of the changes, which could make it more costly to pay alimony.
When startup entrepreneurs get a divorce
When people in Missouri get a divorce, the process might become more complicated if one owns a startup company. According to some attorneys, the divorces of tech startup entrepreneurs have displaced those of doctors and lawyers in creating complex high-asset divorces.
Dividing valuable artwork in a divorce
When couples get divorced in Missouri, part of the separation process involves dividing up any property has been acquired during the marriage. In cases where spouses cannot reach an agreement, a judge may be asked to decide how marital property should be split. When the marital assets include valuable works of art, property division can be quite tricky.
Divorce can lead to family expansion
For people in Missouri considering divorce, loneliness or separation from family can be a major concern. However, the growth of divorce in general and particularly among older Americans has also meant the expansion and broadening of understandings of family to include stepparents, stepchildren, half-siblings and other parts of an extended family. Family structures have grown increasingly large and complex along with the broader acceptance of divorce in American society.
A divorce's impact on credit
There are multiple ways a divorce can affect the credit of Missouri couples. The actions that they may have to take during the divorce process can have a lasting, negative impact on their credit. To transfer the family home into the name of just one spouse, it may be necessary to refinance the mortgage. This will result in a close examination of one's credit and may result in one person being saddled with additional debt.
Stepparent adoption brings families closer
Your life changed forever when you married. Whether you had children of your own or experienced it for the first time with your spouse's child, you understand now why people are willing to sacrifice so much for their children. While your family feels complete, you want to take your relationship to the next logical step.
