Multi-State Divorce & Family Law Blog by Stange Law Firm, PC

On behalf of Stange Law Firm, PC posted in property division on Tuesday, June 9, 2020. If your family business constitutes one of the major marital assets you and your spouse own, dividing it fairly and equitably between you could prove one of the major challenges of your divorce. Per Forbes, you generally have three choices as follows:  Sell your business and divide the proceeds equitably between you One of you buy out the equitable share of the other Continue to jointly own and operate it after your divorce 1. Sale Selling your business may be a good option if neither of you desires to continue

On behalf of Stange Law Firm, PC posted in property division on Saturday, May 16, 2020. If you and your spouse face divorce, you need to know that Missouri is an equitable distribution state. This means that when the two of you go about dividing up your marital property, you must divide it in a fair and equitable manner. FindLaw explains that fair and equitable, however, does not mean that you must divide your marital property precisely 50/50. Because of your particular circumstances, one of you may require more marital property than the other. Fair and equitable considerations Keep in