Top Question – Minnesota Divorce and Property Division
During a Minnesota Divorce case, parties frequently have issues regarding the division (and proper valuation) of assets. Minnesota law requires an "equitable division" of assets (and the same applies to debts). The division is quite often something other than 50:50; there is no requirement that the division be precisely equal. [...]
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 – Top Questions Regarding Asset and Property Division
The division of assets, property and debts during a Minnesota Divorce is a process that requires financial acumen and precise attention to detail. The division does not need to be mathematically equal, only equitable. Frequently, the parties agree to divide the assets on the balance sheet in a manner that is [...]