Providing Guidance As Minnesota Couples Divide Their Property
Property division is often one of the greatest challenges for Minnesota couples navigating the divorce process. No matter how you approach the divorce process, you deserve to have experienced guidance as you work toward a fair solution.
The attorney at Meinerts Law Office, P.A., has decades of experience in family law. From his office in Burnsville, he helps clients throughout the south metro protect their interests and their financial health as they divide their marital property.
Property Division
In Minnesota, property division is handled on a just and equitable basis which means that many different factors will be considered. If you and your spouse are thinking about splitting up, you may be concerned about protecting your assets as many times equitable distribution favors one partner over the other.
Meinerts Law Office, P.A., understands that this can be a valid concern, regardless of whether you are going through a high-asset divorce or have more modest finances to consider. Attorney Merlyn Meinerts knows that you may have specific types of property you want to hold onto, and he is here to give you the best possible chance of doing so.
How Is Marital And Non-marital Property Divided In A Minnesota Divorce?
During the divorce process, the first step in dividing a couple’s property is to determine what of your property is non-marital and what is marital. Essentially, marital property is any type of property that was bought or accumulated during the time you were married. Non-marital property is any type of property which you owned or purchased before the marriage or anything you received (by inheritance or gift) during the marriage.
Once you have assessed and categorized the assets and debt that are “marital” the property will be equitably divided. This marital property may include:
- Bank accounts
- Businesses
- Stocks
- 401(k) accounts
- Real property
- Motor Vehicles
Meinerts Law Office, P.A., recognizes that property division can be a challenging process and that the outcome can have a significant impact on your finances. Experienced property division attorney Merlyn Meinerts can walk you through this complex process.
Take The First Step Toward A Fair Resolution
Experienced guidance on how to protect your interests during property division is a phone call away. Contact attorney Merlyn Meinerts now or call his Burnsville office at 952-208-8500 to make an appointment for a phone consultation.