St. Louis, Missouri Property Division Lawyer
As you consider divorce, you likely find yourself concerned about the economic consequences, particularly if the marital estate is large. The process of division of marital property and debt is final, unlike negotiations regarding spousal maintenance, child support, and custody, which may be modified under appropriate circumstances in the future. The most common error on the part of an attorney is the failure to identify all marital property during the process. If during your divorce asset division is not handled skillfully, or if all related issues are not thoroughly addressed, your financial security may be irreversibly damaged.
Division of marital property will set the stage for your economic future – it is extremely important to work with a divorce lawyer with the knowledge, skill, and commitment to protect your interests during the process.
At The Marks Law Firm, L.L.C., we will take the time to help you identify clear goals and take effective measures to protect your interests. We will then assemble the appropriate team to handle all financial valuations and transfers. It is important to find an arrangement that maximizes rather than diminishes the benefit of the marital estate. If you would like to speak with an attorney on this issue, please contact our St. Louis (Creve Coeur) office and make arrangements for an initial consultation.
Items to consider during the process of division of marital debt and assets include:
- Retirement assets: Pension funds, IRAs, 401(k)s, and other retirement assets acquired during the marriage are considered marital property. We will discuss valuation and tax considerations when preparing a strategy.
- Business valuation: If either spouse owns part of a business, we will enlist the right accountant to handle valuation.
- Real estate: The family home and other real estate holdings, whether acquired before or during the marriage, should be carefully evaluated.
- Other property: Motor vehicles, personal property, boats, bank accounts, life insurance policies – we will see that nothing of value is overlooked when preparing a property settlement agreement.
- Securities: If necessary, we will enlist a stockbroker to see that all transfers are handled correctly.
- Children's accounts: It is important to consider during negotiations which parent will be custodian of Section 529 college funds, savings accounts under the Uniform Transfer to Minors Act, and other property in your children's names.
- Debts: All credit card debt, car loans, mortgages, and other debts must be identified and considered during the divorce.
- Spousal maintenance: Depending on your circumstances, your divorce may involve an order for spousal maintenance. We will see that all financial considerations are considered when negotiating on your behalf.
Time to Act
Time is of the essence. As soon as you select The Marks Law Firm, L.L.C. to represent you, we will immediately put our considerable experience and resources to bear on your case. The sooner we can review all the necessary information, the sooner we can formulate a strategy for your unique circumstances, helping to ensure the best possible outcome.
Your future is at stake. Make the right call and contact us today at (314) 993-6300. There is no charge for the initial consultation - and the only obligation is the one you have to yourself to gain the best representation possible.
We Practice Throughout the St. Louis Metropolitan Area
For a top notch law firm without the inconvenience of downtown St. Louis or Clayton traffic, call The Marks Law Firm, L.L.C. We practice throughout the St. Louis metropolitan area, including St. Louis County, St. Charles County, the City of St. Louis, Jefferson County, Lincoln County, Warren County, Franklin County, Madison County - Illinois, St. Clair County - Illinois, and Monroe County - Illinois.
Phone consultations and Saturday appointments available.
Visa, MasterCard, Discover, and American Express accepted.
