Search Site

Asset Division in a Minnesota Divorce

The division of marital assets is a crucial part of your divorce. How your valuable investments, property and possessions are divided has a tremendous effect on your life as you move forward and seek to stabilize your financial life. If you have real estate or other complex assets, it is imperative that you seek the assistance of a knowledgeable family law attorney.

Minnesota courts consider a variety of factors set forth in Minn. Stat. §518.58 in determining how to divide property and assets during a divorce. It is important to note that Minnesota law dictates that property be divided equitably and not necessarily equally. As such, the relevant factors for property division include:

  • The length of the marriage
  • Any prior marriage of a party
  • The age, health, station, occupation, amount and sources of income of each party
  • Vocational skills and employability
  • Estate, liabilities, needs and opportunity for future acquisition of capital assets for each party
  • The income of each party
  • The contribution of each party in the acquisition, preservation, depreciation or appreciation in the amount or value of the marital property
  • The contribution of a spouse as a homemaker

When you are going through a divorce, it is essential to have seasoned family law attorneys on your side. Dividing personal property such as clothes and household items is usually fairly simple, but as the value of the items increase, so do the disputes. An attorney can accurately evaluate complex assets such as real estate, ownership interests in a business, pension plans, retirement accounts and other investments.

At Appelhof, Pfeifer & Hart, P.A., we closely examine your spouse’s property disclosure, verifying every detail to make certain he or she is providing a complete disclosure of assets.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Attorneys
Client testimonials
  • "Tori had a thorough understanding of my situation and made excellent recommendations to resolve my concerns. She was persistent on communication and handled everything in a very timely manner. I would definitely hire her again in the future if needed." - M.K.

  • "With Appelhof, Pfeifer & Hart, P.A., it is like having a family physician. They are all knowledgeable, thorough, comforting, and the only call I need to make for all my legal needs for many years to come. No matter what the matter, I totally trust their advice and commitment to me and my family." - J.N.

  • "Mary from APH Law helped me thru a difficult divorce. She and the entire staff was there for me every step of the way helping me on what to do next. They listened to what I wanted and helped me achieve what matter the most to me in the divorce settlement." - Dana C.

  • "I chose APH after my initial consultation with Mary. I felt my best interest would be represented. The entire process went excellent, the attorneys and staff communicated effectively and efficiently with me throughout the process as they needed to. Being new to the legal process and verbiage, they walked me and talked me through the next steps and the jargon, I felt completely comfortable and represented. I hope I never have to use legal services again but if I do I will call Mary at APH Law and know that I will be taken care of." - Jeff M.

  • "Divorce is a time of emotion and stress. Mary Pfeifer , My lawyer was professional and compassionate. She was very informative through the process. Her insight helped me in my decisions. She worked hard to obtain a settlement which was fair to both parties.Though, I hope I won't need her help again. It is reassuring to know a good person that is willing to help." - Rod S.

  • "I first came to Ms. Jacquelyn Lutz of Appelhof, Pfeifer and Hart in October of 2016. It was definitely the worst time in my life and she compassionately spoke with me about my options. Ms. Lutz thoroughly explained the laws, statutes, process and what to expect going forward. What was supposed to be one case, turned into three intricate cases that took a huge toll on me and my family. Ms. Lutz represented me in court on all three cases with a vast knowledge of the laws and how to proceed accordingly. During all three cases she kept me informed, calm, gave me resources to utilize, and (most important) gave me a realistic view of what may come next. Ms. Lutz knew each case required a great deal of knowledge and creative thinking on how to legally proceed forward with each case. My family and friends are forever grateful for the amazing representation by Ms. Lutz. I highly recommend Ms. Lutz for anyone needing or considering superb representation for any kind of family law. " - M.H.


Contact us

Quick Contact Form