Division of Marital Assets and Debt Lawyers in Minneapolis
How Property Division Works in Divorce Proceedings
divorce, the division of property is often one of the most highly contested matters
they experience. The assets that may have been shared in one household
must now be divided and making this transition can be difficult. The attorneys
of Mack & Santana Law Offices, P.C., are here to help. Our Minneapolis
lawyers use years of experience and an in-depth knowledge of the law to
help you achieve equitable results in property division matters.
In Minnesota, courts divide marital property equitably based on a series
of factors. Equitable divisiondoes not necessarily mean 50-50, although
it is often divided that way. However, equitable division of assets can
become complex when couples argue over the value of property and whether
that property is “marital” or “nonmarital.”
Classifying an asset correctly is important because it can have a significant
impact on an individual’s financial future after divorce. Individuals
who believe some of their assets are nonmarital should establish a
nonmarital claim early in the divorce process.
Divorce and Debt Division
The poor economy has negatively affected many couples. These people find
themselves out of work, upside down on their mortgages, and overwhelmed
by debt. When a divorce happens, debt that was acquired during the marriage
is divided in the same manner as marital assets.
We can help you explore solutions that help you deal with your debt. We
can refer you to a highly regarded bankruptcy attorney who we know and
trust. We can also help you explore other solutions. Our attorneys work
closely with tax experts and are of counsel to real estate attorneys,
corporate attorneys, and bankruptcy attorneys, which enables them to present
you with options for handling your debt in your divorce.
Contact Us Regarding Division of Your Assets and Debts
Contact Mack & Santana Law Offices, P.C., by calling us at
(612) 662-0307 to speak with our Minneapolis property division lawyers.