When Missouri women go through a high net worth divorce, they have many things to consider. Some of those considerations are easy, while others can be a good deal trickier. One common trouble spot is retirement and investment accounts. Often Missourians think all they have to do with their retirement and investment accounts is add them up and split them down the middle. That can be a mistake.
It can be a mistake because not every account is worth what the account seems to be at face value. Often, this is the product of tax consequences. Take, for instance, a stock purchased for $10,000 years ago that has matured into $40,000. In reality, although the stock is ostensibly worth $40,000, the money a person can collect on it will be much less once the government has taken its cut through the capital-gains tax. On the other hand, a stock purchased at $50,000 that is now worth $40,000 is likely worth more than $40,000 because the capital loss may reduce its owner's tax bill.