Minnesota Property Division

One of the more complicated aspects of divorce can be dividing up the marital property. The first step is figuring out exactly what property you own together and what you may own separately.

Marital property

is defined as any real or personal property acquired during the marriage.

Non-marital property

  1. is defined as any real or personal property acquired by either spouse before, during or after a marriage which is:
  2. acquired as a gift or inheritance by a third party to one spouse but not the other;
  3. acquired before the marriage;
  4. is acquired by a spouse after the valuation date;
  5. is excluded by a valid prenuptial agreement; or
  6. is in exchange for or is the increase in value of separate property.

The second step is determining an accurate value for the property. Many asset values can be determined by appraisals or statement of accounts. Businesses or stock options or intellectual property are more complicated to value and we team up with professional CPA’s and business valuators to get the most accurate figures.

The third step is to divide the property. Minnesota is an “equitable distribution” state, which means that property will be divided fairly. Fair does not always mean equal. We will assist you in getting a thorough accounting of all of your property and advocate for your fair share.

Contact Us

Schedule A Consultation - Colorado

 303-900-4112

Schedule A Consultation - Minnesota

 952-921-5878

Contact Perusse Family Law

Contact Perusse Family Law

Colorado Office

7887 E Belleview Ave #1100
Englewood, CO 80111
Phone: (303) 900-4112

Colorado Office

7887 E Belleview Ave #1100
Englewood, CO 80111

Minnesota Office

3800 American Blvd W #1500
Minneapolis, MN 55431
Phone: (952) 921-5878

Minnesota Office

3800 American Blvd W #1500
Minneapolis, MN 55431

9.1Cindy Marie Perusse

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.