Experienced Twin Cities Lawyer For Fair Marital Property Division
Obtaining a fair property division settlement during divorce requires careful attention to Minnesota law, particularly when substantial assets are involved. For Twin Cities couples with multiple properties – from residential to commercial and vacation properties – dividing these assets fairly demands strategic legal guidance to protect your financial future.
At Perry & Perry PLLP, we bring decades of legal experience in securing a fair outcome when dividing Minneapolis-Saint Paul real estate properties and other assets. As your lawyer, we focus on protecting your interests while pursuing resolutions that preserve wealth and valuable assets.
How Is Property Divided In A Divorce In Minnesota?
Minnesota uses the equitable division model that considers these factors:
- The length of the marriage
- Each spouse’s financial contributions
- The economic circumstances of each party
- Whether a spouse wasted or concealed assets
- The future financial needs of both individuals
While marital property – including real estate, businesses and investments – is typically divided, separate assets owned before marriage may remain with the original owner. However, proving ownership and ensuring fair valuation often requires skilled legal advocacy.
What Legal Issues Can Arise In Minnesota Property Division During A Divorce?
Property disputes can become highly complex, especially when dealing with valuable assets. Common legal challenges include:
- Disputes over marital vs. nonmarital property: Proving that an asset was acquired before marriage or through inheritance
- Business ownership conflicts: Ensuring a business is properly valued and fairly divided
- Hidden assets: Identifying undisclosed income or property
- Investment and retirement account division: Properly distributing 401(k)s, pensions and stock portfolios
- Real estate disputes: Determining how to handle jointly owned, rental or vacation homes
Even in amicable divorces, as Minneapolis property division attorneys, we can help ensure every detail is handled correctly and that your financial future remains secure.
Your Property Deserves Robust Legal Protection
You need a Twin Cities property division attorney who will stand with you and help you secure a fair divorce settlement. Schedule a free consultation via 952-444-9903 or fill out our online contact form. Our Wayzata office serves Minneapolis-Saint Paul and surrounding areas, assisting individuals in making the right moves when it matters most.