Divorce can be a very sticky situation, particularly when it comes to the division of assets, debts, benefits, and retirement plans.  When you decide to go your separate ways, who is responsible for any debts, and how are assets such as the family home or rental property, a family business, or employment benefits and retirement plans handled?  As you can imagine, it is a very complex and complicated matter.  It is vital for those who are contemplating divorce to consult with an experienced family law attorney in Kansas City who is skilled and knowledgeable regarding these matters.  At The O'Connor Law Firm, we work tirelessly to ensure your voice is heard, and your legal rights protected in the event of the dissolution of your marriage.

Divorce & Division of Assets, Division of Debts & Division of Benefits & Retirement Plans

When you are going through a divorce, you need thorough legal assistance from someone that clearly understands Divorce and the division of assets, Debts, Benefits & Retirement Plans. Someone that has a vast knowledge of everything involved to ensure you are treated fairly and to fight aggressively to get you what you deserve!
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Division of Marital Assets in Missouri

Many couples assume that when their marriage ends, marital assets will be distributed equally.  This is not the case in Missouri; there are specific factors considered which impact which spouse is entitled to certain assets.  Some of these factors include:

  • ŸHow each spouse conducted him- or herself during the course of the marriage
  • When children are involved, the financial situation of the custodial parent in regards to arrangements for the children
  • In securing marital property, what contributions were made during the course of the marriage by each spouse
  • Each spouse's non-marital property, and the value of that property
  • How the division of marital property will impact each spouse in terms of current economic circumstances

Regarding debts, those acquired during the marriage are usually divided equitably, which simply means each spouse is responsible for the debt he or she incurred individually.  However, if the debt is a joint debt such as in the case of a loan or credit card in both spouse's names, the debt would be divided equally between both spouses.

Dividing Benefits & Retirement Plans in a Divorce

Retirement plans, IRAs, and other benefits can be a complicated area when it comes to divorce.  Retirement benefits are often a substantial portion of the estate for married couples, and in some cases there are steps that must be taken following a divorce in order for benefits to be fairly divided.  In some cases it is required that a QDRO, or Qualified Domestic Relations Order is used in division of retirement plans.  Every couple's case is unique; it is vital to work with a Kansas City family law attorney who is knowledgeable in this sensitive area of divorce.

Contact The O'Connor Law Firm Now

In most cases the longer spouses have been married, the more assets and debts they may have accumulated.  Most retirement plans and benefits increase in value over the years, and can have a significant impact financially when it comes time to retire.  A divorce where there is much at stake financially can be extremely difficult and even acrimonious.  To settle all of the details in a way that is fair and ensure your legal rights are protected, we urge you to contact The O’Connor Law Firm today at 816-842-1111.


Kansas City Divorce Attorney: Division of Assets, Debts, Benefits & Retirement Plans

Matt O’Connor was previously a professor of the law of evidence, and he knows what it takes to successfully defend or assist anyone who is dealing with family law issues.  When you hire his team, you will get unparalleled personal attention and care that you won’t receive from any other law firm.  Matt O'Connor has over 20 years experience in the court room, and has often times been called upon as a legal contributor for programs like the national Fox News channel and many other local Kansas City stations.