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Home / Family Law / Division of Assets
Division of Assets

Washington County Divorce Attorneys Protect Your Fair Share in Division of Assets Disputes

Safeguarding your property as if it were our own in Washington County, Dakota County, Burnsville, Stillwater and Woodbury, MN

When the time comes to divide the marital assets during your divorce, consult an experienced family lawyer to protect your interests. At Appelhof, Pfeifer & Hart, P.A., we understand the complex financial issues that arise when dividing real estate, personal property, investments, retirement funds and business assets.

Types of assets divided in divorce

In Minnesota, marital property is subject to equitable distribution in a divorce. Equitable in this sense means fair — not necessarily 50/50 — and includes the division of debts as well as assets. In an equitable division, all of the couple’s property should be considered, including:

  • House
  • Furniture and other household goods
  • Investment real estate
  • Vehicles
  • Bank accounts and cash
  • Investment accounts
  • Retirement plans
  • IRAs
  • Stock options
  • Cash value of life insurance
  • Closely held business
  • Country club and other memberships
  • Tax refunds

We use every legal discovery tool to get a full picture of your spouse’s financial affairs.

How do I know the value of the assets?

Property valuation is an important stage of the divorce process. Each spouse is obligated to inform the other spouse and the court of the identity and value of all assets and debts.

Assets, including furniture, personal property and other household items, should be listed at their fair market value, which is the amount each item would bring if sold on the current economic market.

Vehicles are valued using the Kelley Blue Book, National Automobile Dealers’ Association estimates or by seeking an expert’s appraisal. When valuing homes, rare items or collectables, it is wise to use an appraiser.

The parties also must disclose any financial holdings, such as bank accounts, retirement accounts, stock options, club memberships and trust interests.

In cases where one or both spouses own a business, a business valuation expert typically is retained. We work with appraisers and other experts to present a clear picture of your financial circumstances to the court.

What if I suspect that my spouse is hiding assets?

Hiding assets from a spouse is not uncommon, especially in high-net-worth divorces. At Appelhof, Pfeifer & Hart, P.A., we use every available tool to uncover assets your spouse may attempt to hide, such as:

  • Cash
  • Stocks and options
  • Bonds
  • Annuities
  • Traveler’s checks
  • Mutual funds
  • Cash value of insurance policies

Contact an experienced Minnesota divorce firm to discuss your case today

With an office in Oakdale, Appelhof, Pfeifer & Hart, P.A. serves clients throughout Minnesota, including in Washington County, Dakota County, Burnsville, Eagan and Woodbury, MN. Let us be your aggressive advocate in family law disputes. Contact us online, or call us at 651-379-3024. We are committed to protecting your interests.

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.

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