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 cases, the parties simply agree to divide the assets equally, and this tends to be the case in long-term marriages.  There is significant Minnesota case law, including several recent unpublished decisions, that rule the division of assets need not be equal, only equitable (and the same rule applies to the division of marital debts).

When and interviewing and choosing a Divorce lawyer, you should inquire about their financial acumen and training, as well as their understanding of the preparation of a balance sheet that properly identifies the present value of assets and debts, which is vital for the proper negotiation, presentation (and settlement) of the financial portion of a Divorce case.  In many cases, it is necessary to work with a Neutral Financial Planner, a CPA and sometimes an Actuary or Neutral Real Estate Appraisal in order to provide neutral valuations of various assets, including 401k, 403b, other Qualified Plans, IRA and brokerage accounts, as well as pensions and real estate.

Located in the historic Linden Hills neighborhood of Minneapolis, Lake Harriet Law Office provides experienced and personalized legal representation exclusively in the area of Divorce and Family Law.

It is important to have an experienced and assertive attorney who can effectively advocate your position during the case and who understands every phase of the Family Law legal process, including various Alternative Dispute Resolution processes such as Mediation and Early Neutral Evaluation.  Most Divorce cases are resolved at some point after the Initial Case Management Conference.

Lake Harriet Law Office represents clients in Minneapolis, Edina, Bloomington, Golden Valley, Hopkins, Eden Prairie, Southwest Minneapolis, Linden Hills, Plymouth, Hennepin County, Ramsey County, St. Paul, Anoka County and Scott County.

Please call 612-750-4843 or complete the Contact Us form to schedule an office consultation.


Published On: November 12, 2013Categories: Family Law Updates

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We represent clients throughout the Minneapolis area in Divorce, Financial Issues, Child Custody, Child Support, Parenting Time, Property and Asset Division, Spousal Maintenance and more!