Joint Titling Real Estate and Its Effect on the Marital Equity of the Home
The characterization and division of property is a highly contentious topic in a divorce. Divorcing couples often must address the issue of who will get to stay in the marital home, and how the other party will be compensated for his or her share of the marital equity. In Missouri ,when one spouse owns property prior to the marriage, that property is that spouse’s non-marital property and will remain separate at the divorce. However, significant issues arise when non-marital property is retitled in both spouses’ names during the marriage. Under the theory of what is called transmutation, there is [...]