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Posts tagged "Property Division"

How does Minnesota treat pet custody in divorce?

There is no disputing the significance that Americans attribute to their pets. Surveys conducted by the American Pet Products Association indicate that 68 percent of households in the country own at least one pet. Animals frequently enjoy a status in the household well above that of "animal." In some cases, they are considered family.

Dividing business assets in divorce

In Minnesota, assets and property acquired during marriage are generally considered marital property and subject to equitable division upon divorce. Some assets are fairly straightforward and simple to divide, such as a shared bank account. Others, such as a business or professional practice, require more thorough investigative and valuation efforts. 

Separating marital property is never an easy endeavor

Here in Minnesota, the property division process is governed by a legal concept known as equitable distribution. This doesn't mean that all property is automatically going to be split 50-50 in a divorce, but rather that the court will consider a variety of factors in arriving at what it deems to be a just partitioning of property.

Important financial considerations for older divorcing couples

In our previous post, our blog discussed how more and more older Americans are now deciding to pursue divorce, a trend that many attribute to everything from greater financial autonomy to a seismic shift in social patterns.

Why gray divorce can be an inviting -- yet scary -- proposition

While many of us associate divorce with either young couples -- married too early -- or middle aged couples -- demands of work and family prove too much -- statistics show that this mode of thinking may be outdated.

Billions of dollars on the line as divorce trial of oil tycoon ends

A divorce trial described by one court filing as "matrimonial litigation of unprecedented scope and complexity" that has been closely monitored by legal experts for nine weeks officially came to a close last Thursday.

Billions of dollars at stake in oil baron's divorce trial

When it comes to divorces involving high-profile athletes or A-list movie stars, most of us aren't too surprised to hear about judgments in the millions of dollars being handed down. However, most of us will pause when we hear about divorce judgments that reach well into the billions of dollars.

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