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Property Division: Accounting for All Assets During Divorce

When dividing your marital estate during divorce, be sure all your assets are on the table.

Hiding assets before or during a divorce proceeding is common. There are a variety of means and methods used to deter a spouse from receiving his or her fair portion of the marital estate.

In Minnesota, courts divide your marital property equitably. This means wealth, debts and property are divided fairly, not equally. People of all income levels have tried to hide or dispose of assets in preparation for divorce.

Financial net worth usually drops immediately after divorce. Some spouses may employ the following tactics to cushion a financial fall and block their ex from receiving their fair share of the couple’s marital property:

  • Defer bonus or company expense reimbursement until after divorce
  • Invest sums of money in difficult-to-trace currency like Bitcoin or online currency
  • Fabricate high debt
  • Adjust income figures to reflect lower earnings
  • Invest significant sums of money in questionable ventures during time leading to separation
  • Make financial and accounting records unavailable — particularly after the mysterious loss or dysfunction of a computer or its hard drive
  • Maintain numerous secret financial accounts

If you have concerns about hidden assets, your attorney may request a mirror copy of all computerized accounting records of your marital property. Forensic analysis can recover passwords and account locations and track money transfers and other information necessary to ensure your share of the marital property.

Tax records may be just a starting point. When you are concerned about hidden assets during divorce in Minnesota, talk to an experienced family law firm in St. Paul.

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  • "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.

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