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Can I spend child support money on entertainment?

June 10, 2020

On behalf of Stange Law Firm, PC posted in support on Wednesday, June 10, 2020. The short answer to the above question is yes, you can spend child support money on your children’s entertainment. In fact, as FindLaw explains, you can spend the child support money you receive from your former spouse virtually any way you want to as long as it benefits your children and you first provide for their basic needs. The court assumes that you are a financially responsible adult who knows better than anyone else what your kids need and want. Consequently, it will not monitor your spending habits. Nor will it

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What should you do with your family business when you divorce?

June 9, 2020

On behalf of Stange Law Firm, PC posted in property division on Tuesday, June 9, 2020. If your family business constitutes one of the major marital assets you and your spouse own, dividing it fairly and equitably between you could prove one of the major challenges of your divorce. Per Forbes, you generally have three choices as follows:  Sell your business and divide the proceeds equitably between you One of you buy out the equitable share of the other Continue to jointly own and operate it after your divorce 1. Sale Selling your business may be a good option if neither of you desires to continue

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What is a fair and equitable property settlement?

May 16, 2020

On behalf of Stange Law Firm, PC posted in property division on Saturday, May 16, 2020. If you and your spouse face divorce, you need to know that Missouri is an equitable distribution state. This means that when the two of you go about dividing up your marital property, you must divide it in a fair and equitable manner. FindLaw explains that fair and equitable, however, does not mean that you must divide your marital property precisely 50/50. Because of your particular circumstances, one of you may require more marital property than the other. Fair and equitable considerations Keep in

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What is gray divorce?

May 3, 2020

What is gray divorce? On behalf of Stange Law Firm, PC posted in divorce on Sunday, May 3, 2020. The term “gray divorce” refers to a divorce between two people over the age of 50 and/or whose marriage has lasted for 20 years or more. Per Kiplinger, gray divorce has become a new phenomenon in American life. Back in the 1990s, gray divorce accounted for only about one in 10 American divorces. Today, it accounts for about one in four American divorces. Researchers list the following reasons for this startling rise: Divorce has lost its stigma in American society. Life expectancies have

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What should you know about Missouri child support?

April 22, 2020

On behalf of Stange Law Firm, PC posted in divorce on Wednesday, April 22, 2020. If you are a parent facing divorce, the amount of monthly child support you will pay or receive may well be one of your greatest concerns. FindLaw explains that Missouri law includes a Schedule of Child Support Obligations that supplies guidelines for which of you will pay child support to the other in what amount based on your respective monthly gross incomes and the number of children you have. Each of you will fill out a Child Support Amount Calculation Worksheet setting forth your respective

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Is a co-parenting agreement right for you?

April 21, 2020

On behalf of Stange Law Firm, PC posted in child custody on Tuesday, April 21, 2020. Co-parenting is a great way to support unity in your family after divorce. The written agreement or plan is typically created during or after the divorce process. It is meant to give you and your co-parent time to prepare for your new situation and understand expectations. Who should have a co-parenting agreement? Co-parenting is hard. There’s no way to get around that. If you share custody, you should create an agreement together. If your ex is a noncustodial parent, they may not have the

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