${site.data.firmName}${SEMFirmNameAlt} Main Menu
Call Today: 855-805-0595

Resolving property division for unmarried couples

13197200_S.jpgIn the past, many couples sought to legalize their union through marriage. But times have changed and more and more couples now live together without getting married. While peaceful and lifelong cohabitation of unmarried couples is always possible, National Center for Health Statistics data reveals that more than one-fourth of couples living together who have not wed will break up within their first three years of cohabitation. Going separate ways can produce several problems for these ex-couples.

One of the issues unmarried couples face during breakups is the separation of their shared property and finances. Unlike married couples, family law in Missouri does not cover the affairs of unwed couples, meaning all assets in long-term domestic relationships in the state remain the property of the individual. The problems arise when the assets being disputed revolve around savings and investment issues, as well as shared debts and taxes.

If you have a joint account with an ex-partner, it is best to divide your balance fairly and close the account to avoid financial disputes. As for joint credit cards, talk to your ex-partner about who is responsible for the individual charges, and then pay them off. You can also decide to simply divide all the charges into two so that both of you have a fair share of debt in your own accounts. If there are things that you cannot agree to divide, such as a car or a house, you can sell those properties and instead divide the earnings to avoid more arguments.

For unmarried couples in Missouri going their separate ways, property division can be a taxing problem. During times like these, it is important that you protect your assets and arrive at a fair agreement with your ex-partner so as to avoid property disputes that could further subject you to financial and emotional difficulties.

Source: Business Insider, “4 Ways Cohabiting Couples Can Protect Their Finances When They Break Up,” Megan Durisin, Jan. 9, 2014

No Comments

Leave a comment
Comment Information

Contact Our Team To Get Help Now

Tell us about your case and we’ll get back to you promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Stange Logo

Stange Law Firm, PC
120 S. Central Ave, Suite 450
Clayton, Missouri 63105

Toll Free: 855-805-0595
Fax: 314-963-9191
Law Office Map

DHQ | Divorce Headquarters Divorce
Headquarters ® App Download The App
Questions? Live Chat Pay Your Bill Online
States of Service

Other Office Locations

  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
  • Jefferson County: 16 Municipal Drive, Suite C, Arnold, MO 63010: Arnold Office
  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
  • Franklin County: 5 S. Oak St. Union, MO 63084: Union Office
  • Lincoln County: 20 Centerline Drive, Troy, Missouri 63379: Troy Office
  • Boone County: 1506 Chapel Hill Rd., Suite H, Columbia, MO 65203: Columbia Office
  • Greene County: 901 E. St. Louis, Suite 404, Springfield, Missouri 65806: Springfield, MO Office
  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
  • Madison County: 25 Professional Park, Suite B, Maryville, Illinois 62062: Maryville Office
  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
  • Johnson County: 7300 West 110th Street, Suite 560, Overland Park, KS 62210: Overland Park Office
  • Sedgwick County: 2024 N. Woodlawn Street, Suite 407, Wichita, Kansas 67208: Wichita Office
  • Shawnee County: 800 SW Jackson Street, Suite 812, Topeka, Kansas 66612: Topeka Office
  • Tulsa County: 6660 S. Sheridan Road, Suite 240, Tulsa, Oklahoma 74133 Tulsa Office
  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

The choice of a lawyer is an important decision & should not be based solely upon advertisements. See additional disclaimers here.