• Skip to primary navigation
  • Skip to main 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

Don’t Overlook These Types of Property Division in a Divorce

February 19, 2015 by Sheridan & Dulas, P.A.

When many Minnesota couples divorce, they may be so focused on getting the process done with quickly and overlook important assets that need to be divided. Although many focus on tangible assets such as houses and cars, there are many other types of assets subject to property division. Here are some things divorcing couples should know about so they can better position themselves to fight for an agreement that works in their favor.

Besides savings accounts, don’t forget about other types of income, such as stocks and bonds. If a spouse worked for a long time, he or she may also have a pension plan, 401(k) or IRA that would be subject to split in a divorce. If a spouse owned his or her business, the valuation could be split between the spouses.

Some couples have vacation homes or rental properties that they rent for extra income. These would be split in a divorce, as would any cars, trucks, boats, RVs, motorcycles or other vehicles. If one spouse primarily stayed home to raise a family, then he or she could receive compensation for contributions made to the marriage. Lastly, don’t forget about any other property obtained during the marriage. This may include home furnishings, electronics, dinnerware, artwork, jewelry, antiques and collections.

Divorce is complicated, especially when a couple has been married for decades and has acquired numerous assets. After a divorce, a person needs to think about the present and the future in terms of finances. A divorce lawyer can work in a person’s favor and help discover assets that he or she might not know exist.

Source: FindLaw, “Checklist: Issues To Discuss With Your Divorce Attorney,” accessed Feb. 15, 2015

Categories: Property Division Tags: artwork, assets, Property Division, property obtained during the marriage, valuation

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