Minnesota Property Division Lawyer Discusses Property Division

Minnesota property division lawyer Jason Brown discusses how property division works in a divorce. The division of assets is fairly straightforward. The law states that division of the marital estate should be equitable, which means equal. The first step is to create a balance sheet, which lists all assets and liabilities. Some values are received through financial statements, but others need to be investigated further. Appraisals on homes, businesses and vehicles may be required. Next, the attorney will add up all the pluses and minuses to get your net worth of your marital estate. Divide by two and each person gets that amount of assets. Then it’ll be decided if a spouse will take the house or some other asset. Sometimes the house is sold to make everything equal. It can be complicated if there are business ownership issues because an appraiser is needed, or if there are significant non-marital claims being made. Overall, property divisions is one of the less controversial issues, although sometimes there are complexities.

Brown Law Offices, P.A.
11125 Zealand Avenue North
Champlin, MN 55316
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