Protecting The Property That’s Yours In A Divorce
Next to issues involving children, the division of marital debts and assets often proves to be the most contentious in a divorce. That’s why it is so important to have assertive legal representation during the divorce process to protect your rights, interests and financial well-being.
At the Law Office of Amy L. Gervich, we are an experienced divorce and family law firm that serves the greater St. Louis, Missouri, area, including Clayton. Our dedicated attorneys have over 15 years’ combined experience and work diligently to achieve the best result in every situation. We are skilled negotiators and are not reluctant to litigate when appropriate.
Identifying, Valuing And Dividing Assets
In Missouri, marital assets and debts are subject to division. These are defined as assets and debts acquired during marriage, with exceptions for inheritances and certain gifts. Assets and debts acquired before the marriage are considered separate and are not subject to division. This sounds simple, but generally speaking, the longer a marriage lasts, the more difficult it becomes to distinguish between separate and marital property.
For example, let’s say a couple pools their separate savings to buy a house. Over the years, they incur maintenance and repair costs, they make significant improvements, and the house increases in value. All of those effects must be traced and accounted for.
Equitable Division Of Property In Missouri
At the Law Office of Amy L. Gervich, our divorce lawyers have extensive experience in property division matters, including high-asset property division cases. We understand how to identify separate property and trace its transformation into marital property. In most cases, our proactive and thorough case preparation techniques enable us to negotiate a fair and acceptable settlement for our client. And when necessary, we will provide aggressive representation at trial to achieve your goals.