No two divorces are the same. Thus, no two divorces should be treated the same. Nonetheless, there are common divorce issues that should be noted, as well as frequently used mechanisms to resolve them. Keeping these tips in mind could help some Minnesota couples address problems in the dissolution process. Obstacles divorcing couples often face relate to the property division phase. This is one of the most contentious issues in a divorce because spouses cannot fully agree on who gets what and what is rightfully considered separate property.
Categorizing property can be challenging, especially if a prenuptial or postnuptial agreement was not included in the union. While these legal documents often detail who is entitled to what in the event of a divorce, without these documents divorcing couples are left to the state laws to determine whether property is considered marital property or separate property.
Whether you are involved in a high-asset divorce or not, it is important that your goals and interests are protected in the property division process. At our law firm, we understand that property distribution is not always easily accomplished. We are dedicated to helping spouses in the Eagan area understand their rights and how they could best protect them.
Filing for divorce can bring out many emotions and concerns. Some spouses are worried that the other spouse is not fully disclosing all the assets and property involved in the process. If a spouse suspects that there might be some hidden assets involved in the process, financial experts, such as forensic accountants, can track down the assets and help our clients take the correct steps to resolve this matter.
To learn more, please visit our law firm’s property division website. While you might seek to initiate and finalize a divorce as quickly as possible, some pitfalls, such as property division disputes, can prolong the process.