Top Minnesota Divorce Issues – How are Assets and Debts Divided During A Divorce?

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 assets (the same rule applies to the division of marital debts).  See also Lynch v. Lynch, 411 N.W.2d (Minn. Ct. App. 1987).     

Use of a CPA, Actuary or Other Expert During Divorce

An experienced Divorce lawyer should possess advanced financial training, including understanding present value calculations, which is an essential skill for the proper negotiation of the financial portion of a Divorce case.  It is necessary, in some cases, to work with a CPA, Actuary or Real Estate Appraiser to provide accurate valuations for various assets, including Retirement Accounts, other Qualified Plans, IRAs, Brokerage Accounts, Pensions, Businesses, Real Estate and Antiques.

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

Divorce Attorneys Randall Smith and Amber Bretl

Attorneys Randall A. Smith and Amber C. Bretl of Lake Harriet Law Office represents clients in Minneapolis, Edina, Bloomington, Golden Valley, Hopkins, Eden Prairie, Southwest Minneapolis, Linden Hills, North Oaks, Plymouth, Hennepin County, Ramsey County, St. Paul, Anoka County, Scott County and Washington County.

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

Attorney Randall A. Smith

Attorney Amber C. Bretl

Published On: January 20, 2015Categories: 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!

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