A Creative Approach To Division Of Marital Property
What Is Equitable Division?
Under Minnesota law, the property and debt that make up a marital estate must be divided equitably between a husband and wife upon dissolution of a marriage. This does not mean that the division must be equal, though often that is the fairest way to divide the debts and assets of a marriage.
At Terzich & Ort, LLP, we will help you work out an agreement for the equitable distribution of the assets and obligations of your marriage, including real and personal property, bank accounts and investments, retirement funds, and business assets. We will carefully examine all the property you own, so that we can determine whether any of it is nonmarital property (which is excluded from the marital estate and not subject to division).
Examples of nonmarital property include:
- Gifts or inheritances you received before or during the marriage
- Any property that you brought into or acquired before the marriage
- Any property acquired after valuation of the marital estate for purposes of the divorce
- Any property subject to a valid prenuptial agreement
We will help you trace nonmarital property, determining when it was acquired and what its current value is. Visit our marital property FAQ page to learn more.
At Terzich & Ort, LLP, we command extensive skill and experience handling the division of marital property in Minnesota. We have handled many complex property settlements and have a comprehensive understanding of the strategies available to successfully resolve these issues as well as tracing assets.
Schedule Your Consultation Today
To set up an appointment, call our Maple Grove property division lawyers at 763-391-7354. You may also email the firm to schedule your consultation. We meet with clients during regular business hours, and evening consultations are available upon request. We accept Visa, MasterCard, Discover and American Express.
Creative Solutions Coupled With Sound Legal Advice