Minneapolis Property Division Lawyers
One aspect of the divorce process is the division of the marital property and debt. In Minnesota property is divided equitably, but not necessarily equally. At Robinson | Duffy, PLLC, in Minneapolis, Minnesota, our property division attorneys strive to find solutions that are fair and in your best interests.
What is Marital Property?
Not all property is marital. Marital property is any property a spouse or couple acquires during the marriage. It does not matter if the title of the property or asset is in only one spouse’s name. Property that may need to be divided includes:
- Your home
- Other real property, e.g., lake cabins, winter homes
- Boats and other recreational vehicles
- Retirement accounts, including pensions, IRAs and 401(k)’s
- Bank accounts
- Worker’s compensation awards
- Lottery or gambling winnings
- Personal injury awards
- Frequent flyer miles
In addition to property and assets, the marital debt must also be divided. It is important to note that a debt may be marital, even if it is not in your name.
Non-marital property, however, is any property a spouse acquired before marriage, and subsequently brought into the marriage. If a property is non-marital it may not be divided in the divorce. To learn more about property classifications, contact our attorneys today.
Contact Robinson | Duffy, PLLC Today
To speak with one of our qualified Minneapolis property division lawyers, contact us by calling 952-525-2252 or send us an e-mail. We can assist clients in handling asset and debt division, including the proper valuation and allocation of all types of property. We serve all the metro counties including: Hennepin County, Ramsey County, Dakota County, Carver County, Anoka County, Scott County, Sherburne County and beyond. Call us today. We will give you an honest assessment of what you can expect in your situation. We offer payment plans and other affordable options to get you the legal assistance you need.