Minnesota Divorce Update – Top Questions Regarding Asset and Debt Division.
In Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and significant attention to detail. The division of assets and debts does not need to be mathematically equal, as addressed in Johns v. Johns, 354 N.W.2d 564, 566 (Minn. Ct. App. 1984). However, [...]
Minnesota Divorce and Property Division
During a Minnesota Divorce case, the division of assets, property and debts requires financial acumen and attention to detail. The division of assets during a Divorce does not need to be mathematically equal, only equitable. In many cases, the parties agree to divide the assets on the balance sheet in [...]
Top Property Division Issues In Minnesota Divorce
During a Minnesota Divorce case, the division of assets, property and debts is a process that requires substantial financial acumen and precise attention to detail. Despite what you may have been told, the division of assets during divorce does not need to be mathematically equal, and, under Minnesota law, you [...]
Minnesota Divorce and Property Division – Are You Really Entitled To Half?
In Minnesota Divorce cases, the division of assets and debts does not need to be mathematically equal, and you are not entitled, under Minnesota law, to "half of your half." Minnesota Statute 518.58, subd. 1, states that the district court is required to make a "just and equitable" division of [...]
Minnesota Divorce – Top Property Division Issues
In Minnesota Divorce cases, the division of assets and debts is a process that requires great attention to detail; the division of assets during divorce does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to one-half of the marital assets. In many Divorce [...]
Minnesota Divorce – Marital and Non-Marital Property
In many Minnesota Divorce cases, a spouse owns property that may be non-marital, either in part or in whole. Property can be both marital and non-marital (for example: a house, a cabin, retirement accounts or business assets). If an asset is both marital and non-marital, it may be necessary for a CPA, Actuary [...]
Top Minnesota Divorce Issues – Property and Asset Division
In Minnesota Divorce cases, an equitable division of assets does not need to be mathematically equal, and you are not necessarily entitled, as a matter of law, to one half of the marital assets (although most family lawyers typically explain asset division to their clients in this manner). In some [...]
Top Hennepin County Property Division Issues
In Minnesota Divorce cases, property can be both marital and non-marital (for example: real estate). If an asset is both marital and non-marital it is sometimes necessary to perform a neutral financial analysis (also referred to as forensic tracing) in order to determine the marital portion and the non-marital portion. With real estate, the financial analysis is [...]
Minnesota Divorce – Property Division
In a Divorce case, a just and equitable division of assets does not need to be precisely equal, and you are not entitled, as a matter of law, to "half of your half". In many divorce cases, the parties simply agree to divide the assets equally (although there are many [...]
Divorce – Asset Division
A just and equitable division of marital assets does not need to be mathematically equal. An award of 53.8 percent of the marital estate to the Wife and 46.2 percent to Husband was upheld in the case of Trosvig v Trosvig, A-10 (Minn. Ct. App. May 31, 2011). During divorce, [...]