Roseville Minnesota Family Law and Divorce Lawyers
Minnesota Marital Property Attorneys
Property and Divorce
Aside from parenting issues, financial issues often create some of the biggest hurdles to overcome during a divorce. Now is not the time to make quick decisions to simply “get this over with” as decisions you make during the divorce process will follow you for the rest of your life. The divorce lawyers at Johnston | Martineau, PLLP, can help you take the time to step back and fully evaluate your situation which will enable you to make decisions that best protect your future.
Marital Vs. Non-Marital Property
Marital property includes assets acquired during the marriage.
Non-marital property is anything you received prior to the marriage or that belongs to you as an individual independent of the marriage.
Identifying what is marital and non-marital property can be challenging without the help of an experienced attorney. Even if a piece of property is titled in your name, such as a car, does not automatically make it non-marital property. Money you received during the marriage for a personal injury claim or an inheritance is considered non-marital property.
Minnesota law calls for the “just and equitable” distribution of the assets and debts and there are specific formulas for determining values.
We help our clients with:
• Asset and business valuations
• Dividing investments and retirement assets, including 401(k) distribution
• Uncovering hidden assets
• All property division