Iberia, MO asked in Divorce for Missouri

Q: If I get a divorce and my spouse and I own a business together, what happens? Even if I am only 30% owner and he was

sole owner prior to marriage? It is my only income and has been for many years? What do I do? Would it be fair to request alimony in MO?

Related Topics:
1 Lawyer Answer
Kristen Thurmond
Kristen Thurmond
PREMIUM
Answered
  • Kansas City, MO
  • Licensed in Missouri

A: When spouses own a business, one of two things happens once a business evaluation is done: one spouse buys out the other spouse or the business is dissolved and each spouse paid their portion. Maintenance (formerly known as alimony) may be an option but depends on the assets of the parties and other factors. You'll want to contact an attorney near you to discuss your options in more detail.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.