Equitable Division of Marital Property
Minnesota law provides that marital property is to be "equitably" divided upon divorce. In most cases, "equitably" is interpreted as "equally." With this understanding, the complication comes from attempting to accurately value the parties' assets. Both parties may agree to split all marital assets in half. However, if the parties disagree on the assets' values, or on which assets are marital, disputes ensue. Under these circumstances, it is wise to have an experienced Minneapolis property division attorney on your side.
At Binder Law Offices, we have a great deal of experience guiding clients through both simple and complex property divisions. Jane Binder has extensive experience negotiating creative property divisions for her clients and has built a network of experts to assist, when needed, in valuing assets and evaluating alternative property divisions.
In dividing marital property, non-marital property must first be identified. We help our clients identify and trace their non-marital claims (such as inheritances, property or money received as gifts from a third party, or property owned prior to a marriage). We also help our clients scrutinize the non-marital claims made by their spouses.
We work with our clients to investigate all of the assets and debts in their estates, and we undertake discovery to learn more about the parties' assets and their values. We assist our clients in developing an asset schedule and in evaluating a division of the assets that is most advantageous for our client, taking into account tax ramifications of different settlement options, in order to help our clients achieve the best outcome for their case. It is wise to have a knowledgeable lawyer on your side to navigate you through your options.
Contact Our Firm
If you have questions regarding family law in Minnesota, contact Binder Law Offices, P.A. Our office hours are 8 a.m. to 5 p.m., Monday through Friday, and we are conveniently located downtown, near the Hennepin County Family Justice Center.
