Washington County Divorce Lawyers Explain Complex Asset Division

Helping clients navigate complex asset division cases in Washington County, Dakota County, Burnsville, Stillwater, Oakdale and Woodbury, MN

Divorces involving complex asset division tend to create more than their fair share of disputes and complications. Achieving an equitable property division in such cases requires the assistance of an experienced family law attorney. At Appelhof, Pfeifer & Hart, P.A., we use the knowledge we’ve attained through more than 30 years of combined experience to help you achieve your goals.

Types of assets in complex asset division divorce

Our veteran legal team helps clients with a broad array of issues related to complex asset divisions in divorce proceedings, including:

  • Trusts
  • Bank accounts
  • Investments
  • Stocks
  • Bonds
  • Inheritances
  • Real estate valuation
  • Business valuation
  • Pensions
  • Retirement plans
  • Savings accounts
  • Deferred compensation

Factors courts consider when dividing marital property

When dealing with the division of assets, Minnesota courts consider many factors. Some factors that influence courts’ decisions are:

  • The length of the marriage
  • Any prior marriages
  • Age of the spouses
  • Health of each spouse
  • Station in life of each spouse
  • Occupation of the spouses
  • Amount and sources of income
  • Vocational skills of each spouse
  • Each spouse’s employability
  • Each spouse’s separate estate
  • Each spouse’s separate liabilities
  • Needs of each spouse
  • Income of each spouse
  • Each spouse’s likelihood of acquiring assets in the future

Courts also consider each spouse’s contribution to the acquisition, preservation, depreciation or appreciation of marital property, as well as the contribution of a spouse as a homemaker to the overall benefit of the family.

What is a qualified domestic relations order?

According to the U.S. Department of Labor, a qualified domestic relations order (QDRO) creates or recognizes an alternate payee’s right to receive all or a portion of the benefits payable under a retirement plan. Simply put, a QDRO is a court order allowing a spouse, an ex-spouse, a child or other dependent to collect money from a retirement account, 401(k) or other savings plans as part of the distribution of martial property in a divorce.

QDROs generally describe how retirement assets are to be divided between the retirement plan holder and any alternate payees. QDROs are required for any retirement plan covered by the Employee Retirement Income Security Act (ERISA).

Contact our Minnesota divorce attorneys to discuss your case today

Contact a Minnesota family law firm with more than 30 years' combined experience. Appelhof, Pfeifer & Hart, P.A. serves clients throughout Minnesota, including in Washington County, Dakota County, Burnsville, Eagan, Woodbury and throughout Minnesota. Let us help you overcome obstacles and regain your stability. Contact us online, or call us at 651.760.7524. There is no charge for initial consultations, and parking is free.