• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
Call For A Free Consultation651-686-8800
  • Firm Overview
    • Articles
    • Settlements & Verdicts
    • Video Center
  • Attorneys
    • Jeffrey S. Sheridan
    • DeAnne L. Dulas
    • Andrew T. Hunstad
    • Randall A. Kins
  • Practice Areas
    • Criminal Defense
    • Aggressive DWI Defense
    • Aviation Lawyers
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Business Law And Litigation
      • Real Estate Law
      • Small Business Law
    • Federal Workers’ Compensation
    • Other Areas Of Law
  • Blog
  • Contact

Understanding Minnesota’s Property Division Process in a Divorce

October 3, 2014 by Sheridan & Dulas, P.A.

As Minnesota residents may know, nowadays, even marriages that have lasted decades are suddenly ending. Many of these marriages involve a significant amount of assets and dividing them between the spouses can be quite complicated. Fortunately, with your lawyer’s assistance, marital property can be easily split with the help of Minnesota’s three-step process.

The first step is asset identification. The state automatically assumes that all assets are marital property unless either spouse can prove otherwise. This process can be complex, but a competent lawyer can help if identifying non-marital property is applicable in your case.

The next step is to assign values to the property. This can be done through tax statements as well as assessments by professionals based on common appreciation and depreciation values. If the spouses disagree on the value, a lawyer can collaborate with appraisers and other professionals to help the spouses reach an agreement.

The final — and probably the most complicated step — is dividing the property. Minnesota is an equitable distribution state, meaning that assets are divided based on what the court believes is fair. Assets may not necessarily be divided 50/50, although that is typically the starting point. Having a lawyer who has experience with the property division process can help ensure that their client’s interests are protected.

There are many types of property to consider — such as cars, vacation homes, retirement accounts and collectibles — and they can all be divided in a variety of ways. Some property is worth more than others and it helps to have a legal professional on your side who can help you make the most beneficial decisions. Learn more about the property division process in Minnesota on our information page and how an experienced family law attorney can protect your legal rights.

Categories: Property Division Tags: assets, Marital Property, non-marital property, Property Division, retirement accounts

Primary Sidebar

Practice Areas

  • Criminal Defense
  • Aggressive DWI Defense
  • Family Law
  • Estate Planning & Litigation
  • LGBT Rights and Family Issues
  • Aviation Law
  • Federal Workers’ Compensation
  • Business Law And Litigation
    • Small Business Law
    • Real Estate Law
  • Other Areas Of Law

Contact the Firm

    Footer

    Schedule a Consultation

    Sheridan & Dulas, P.A. logo Sheridan & Dulas, P.A.

    1380 Corporate Center Curve #320
    Eagan, MN 55121

    Tel: 651-686-8800
    Driving Directions

    Hours

    Mon-Fri: 8:30 am – 5:00 pm

    Schedule a Consultation

    Practice Areas

    • Criminal Defense
    • Aggressive DWI Defense
    • Family Law
    • Estate Planning & Litigation
    • LGBT Rights and Family Issues
    • Aviation Law
    • Federal Workers’ Compensation
    • Business Law And Litigation
      • Small Business Law
      • Real Estate Law
    • Other Areas Of Law
    The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this website, in whole or in part, or communication with the Sheridan & Dulas, P.A. via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with Sheridan & Dulas, P.A.. | Copyright © 2021 | All rights reserved | Disclaimer | Privacy Policy | Sitemap