When couples divorce, their personal and financial lives can be significantly affected. Dividing assets you originally intended to share can be complicated, and family courts require careful and complete disclosure of all assets to ensure nothing is concealed from either spouse.
Property division can become even more complicated when spouses own substantial assets, whether individually or jointly. If you are facing a divorce and have a large net worth, including bank and investment accounts, real estate, or a business, you may need advice from a Kansas City high-asset divorce lawyer to protect your financial interests. Once you and your spouse have already agreed on the terms of your property division, our team of skilled uncontested divorce attorneys could review your information to ensure it is equitable and likely to be approved by the courts. Reach out today to learn more.
In Missouri, marital property generally includes property acquired during the marriage, such as the family home, personal vehicles, bank and retirement accounts, stock portfolios, jewelry, personal and household items, and businesses. However, any assets that either spouse acquired before getting married and kept separate during the marriage are not marital property.
Typically, inheritances and gifts received separately are also not considered marital property. If you had a prenuptial agreement in place, which is often advisable in a high-asset situation, it should also list assets that would be considered separate property and not marital property. A Kansas City high net-worth divorce attorney could help you understand which assets are considered marital property versus non-marital property and ensure your agreed-upon property division details are accurate.
High-net-worth couples may have assets that are significant in both scope and value, including:
A high-asset divorce lawyer in Kansas City could take over after forensic accountants identify the existence of all relevant assets and help ensure your proposed asset division is fair and equitable.
Divorce cases involving significant assets can be complex, especially if your legal team lacks experience in dealing with high-net-worth individuals. A Kansas City high-asset divorce lawyer will better understand your assets and how to best protect them under Missouri family law. At Drama-Free Divorce, our team will work with you once you have agreed on a property division plan to help you take the next steps toward a new chapter in your life. Contact our team today to learn more.
