Property division: Let’s clear the material hurdles first.
In Minnesota, a 50/50 rule usually applies when it comes to dividing property and assets, which means you’re entitled to half of the marital assets and liabilities. But in some circumstances, you may be entitled to more than one-half of the marital estate. Once we have a clear understanding of the marital property and debt involved, we’ll go to work for you to determine the best property division solution for your scenario.
Below are the property division steps we’ll cover to get you the fairest share of assets:
First we’ll take a close look at any property value of real estate, vehicles and other recreational equipment. We’ll also dig into any non-marital property that might include assets you owned prior to marriage before we analyze the tax consequences of it all.