Divorce can be a traumatizing event. It can affect your mental health, your family relationships, and your productivity at work. What will be discussed here, however, are the legal effects of a divorce. What results from a divorce? One of the most obvious results is that the marriage is terminated. What are the other effects?
Naturally, parties in a divorce may remarry after the proceedings. Prior to the divorce, another marriage would be illegal bigamy. This is probably no surprise, but what does surprise people is that they may not be able to remarry right away. Sometimes the divorce decree is not final for a certain period of time so a marriage, which occurs before the time period has lapsed, will be invalid.
The termination of the marriage changes the legal relationship between the former spouses in the eyes of the law. The parties are returned to the status of perfect strangers. They are no longer responsible for each other’s obligations except for those which they agree to be responsible for by contract (e.g. the divorce agreement). That does not mean that the former spouses are not liable for the obligations that they both entered into during the marriage. A divorce is not retroactive; it affects the future but does not change the past. Old obligations entered into during the marriage do not disappear.
Most property issues can be handled in a divorce agreement. The couple can decide what to do with their property and how to share their debts and liabilities as well. When the parties do not determine some of these issues in the divorce agreement then statutes will often come into play to determine what happens to the property.
Generally, the right of one spouse to the property of the other will be terminated if the property interest is not yet vested. Vested means that the person has a present interest in the property, not just an expectation of a future interest. For example, if the spouse is named as the beneficiary of a life insurance policy then the policy may not “vest” until the other spouse dies. On the other hand, a person’s pension plan may provide for survivors’ benefits for a spouse if the couple was married for at least 10 years. If the marriage lasted 10 years before the divorce then the spouse of the employee has already earned the right to receive the benefit.
The divorce does not terminate the property interests; it is the effect of other contracts or statutes. For example, an insurer may state in its contract with a person that, upon divorce, a spouse who is named as the beneficiary of a life insurance policy will automatically have their interest terminated and any children would become the beneficiaries. State law may say that, following a divorce, a spouse who is named as the beneficiary of a will shall be treated as if they too have died and therefore they will not get a share of the estate. The general purpose of laws like this one is to do what the insurer or the legislature thinks that the parties would want to do. They think that people who get divorced generally do not want their money to go to their former spouse.
It is important to understand the limitations of what a divorce can do. Divorce does not automatically undo other legal agreements. If a person conveys an interest in real property to their spouse then a divorce will not reverse the situation. The parties must settle the property issue in the divorce agreement or they must use the same legal procedures to transfer title back to one individual.
Divorce can affect many issues and the legal issues can be complex. The good news is that most of the issues discussed here do not have to be left up to chance. Generally, if these issues are addressed in a divorce agreement then it will not be necessary to let state law decide the matter. It is also good to know that laws are generally set up to accomplish what most couples would like to accomplish; to terminate the marriage, to eliminate responsibility for the debts and liabilities of the former spouse and to keep his or her own money.
Property Division in Missouri
Missouri is a “modified no-fault” state, meaning that in order to obtain a divorce, the parties must only plead irreconcilable differences. However, conduct of a spouse (such as an affair or financial fraud) is relevant to issues such as the division of property. Also relevant are incidents of domestic violence, injury, assault or harm caused by one spouse to the other.
As an “equitable distribution” state, Missouri takes into account a number of factors in deciding how to distribute property, including determining what is non-marital property, and what is marital debt. Additional factors the court will consider include:
- The value of any non-marital property
- Each spouse’s economic circumstances at the time the property division is made
- Each spouse’s contribution to the acquisition of the marital property
- Conduct of each spouse during the marriage
Please note, equitable distribution does not necessarily mean the property will be divided equally. Our experienced family law attorneys will guide you through the application of Missouri law to your situation and the factors that may impact your settlement or trial outcome.
Aggressive Property Division Attorneys
Our tough, no-nonsense lawyers are committed to protecting your assets. If necessary, they will work with forensic accountants to uncover and value any hidden assets, including:
- Pension plans
- Vacation homes
- Retirement plans
- Overseas bank accounts
These forensic accountants also provide important business valuation details regarding the value of, or earning potential provided to a spouse by any family-owned or closely-held businesses. We will protect the assets you owned before the marriage, as well as the assets that were managed as joint property after you were married.