Who Gets the House?
For many couples during a divorce, the marital residence is one of the most valuable assets to be divided. Many divorce cases have ended in litigation because the parties are not able to agree on how to divide the equity from the residence or who will be awarded the marital residence. Minnesota is an equitable distribution state […]Read More
How Do We Divide the Assets and Debts?
Assets and Debts in Divorce Assets and debts are initially divided into two categories: marital and nonmarital. The general rule is that all assets and debts are marital unless one spouse can prove that an asset or debt is nonmarital. Assets and debts are nonmarital if they were owned prior to the marriage, or if […]Read More