A prenuptial agreement is a good way for Minnesota couples to protect assets. Whether they amassed millions or even billions of dollars from running a successful business or inherited real estate from a relative, many want to hold onto their property as long as possible. Splitting it up in a divorce is not a desirable… Read More
Posts Tagged With: Marital Property
How Is Property Division Determined After a Minnesota Divorce?
When you’re married, you may not worry too much about who really owns the sports car or whether or not the furniture set is really yours because you bought it before you met your spouse. However, once a divorce is in process, property division becomes a very important topic. If you don’t have children, it… Read More
Use Prenuptial Agreements to Protect Separate Property
Minnesota residents who have substantial assets may want to be prepared before tying the knot. There is often some confusion about what constitutes marital property. Many may believe that financial accounts opened before marriage are still considered separate property in the event of a divorce. Unfortunately, this is not always the case and the result… Read More
Understanding Minnesota’s Property Division Process in a Divorce
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… Read More
Minnesota Prenuptial Agreements Can Protect Assets
As much as Minnesotans plan and work toward a successful marriage, the reality is that only 50% of marriages have a shot at making it last. There are obviously things that each couple can do to build a stronger relationship, but there is no magic equation. One interesting statistic shows that social media may be… Read More
Hard to Apply Equitable Division to the Family Pet
Most Minnesotans who decide to go through with a divorce have some idea of what the divorce process entails. Most people understand that at some point there will be asset or property division. Initially, property is separated into marital and separate property. The separate party remains the property of each individual spouse owner, while the… Read More
What Is Non-Marital Property in a Minnesota Divorce?
Dividing property can be one of the most contentious aspects of a Minnesota divorce. It can also be one of the most complicated. While most of the property you and your spouse own is considered “marital property” that must be divided during a divorce, not all property falls into this category. “Marital property” is property… Read More
