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What To Know About Dividing Marital Property

PropertyDivision of marital property is one of the most complicated aspects of a divorce. In Minnesota, marital property is divided equitably by the courts. There is a presumption that money, property, real estate, retirement plans and all other assets bought or acquired by either spouse during the marriage are marital property.

However, there are exceptions to this presumption. It is important to consult with an attorney to help you determine if any of your property is nonmarital and thus not subject to division.

Working With Financial Professionals To Ensure Accurate Valuation

Our attorneys and network of financial professionals will help you sort out the following complex financial matters:

  • Uncovering hidden assets
  • Determination of marital property
  • Property acquired before marriage
  • Division of pensions, savings plans, 401(k) plans and other retirement savings
  • Property appraisal
  • Property valuation
  • Tax consequences of property division
  • Division of debts and liabilities
  • Disbursement of property
  • Commingling of property
  • Passive income and appreciation of property
  • Inheritance or gifts received during marriage

Contact Us For Peace Of Mind

If you are feeling overwhelmed by property division or other financial worries related to your divorce, you are not alone.

At Oney & Kim PLLC, our lawyers can help you achieve peace of mind. We will examine the details of your finances to ensure that your full financial picture is carefully considered and you are treated fairly in the process. Call us in Eagan at 612-279-8655 for a free consultation to start the process. You may also email us to schedule your appointment.

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