Serving Clients Throughout the South Metro and Across the Twin Cities
One of the most important issues in a divorce is deciding how assets, property and debt will be divided between the spouses. The outcome of your property division settlement can have a significant impact on your long-term financial health.
If you are seeking guidance and advocacy for a property division matter, the attorneys at Dougherty, Molenda, Solfest, Hills & Bauer P.A. are here for you. We are seasoned trial advocates who know how to obtain results for our clients.
Equitable Distribution and Marital Property
Under Minnesota law, marital assets are divided using a concept called “equitable distribution”. This means they are divided in a manner the courts determine to be fair — sometimes equally, but not necessarily 50/50.
Marital property refers to any assets or property that were acquired during the course of the marriage. Marital property can include:
- Real estate
- Retirement holdings (pensions, 401(k)s, IRAs)
Marital property also includes debt, which will also be divided between the spouses.
Our attorneys are well versed in Minnesota property division law and can help you with all of the legal details, including establishing qualified domestic relations orders (QDROs) — the legal orders that split retirement assets after a divorce.
Non-marital property includes assets and property that were acquired prior to the marriage, as well as certain assets received during the marriage, such as inheritances, certain gifts and assets purchased with non-marital assets. Generally, non-marital property is not subject to property division, and belongs and stays with the owner after divorce.
Contact Our Property Division Attorneys in Apple Valley
If you need legal guidance or advocacy for a property division matter in Minnesota, our attorneys are here for you. Contact us online or by telephone at 952-432-3136 or toll free at 800-595-5419 to arrange a consultation with one of our knowledgeable property division lawyers in Dakota County.