Prior Lake, MN Division of Property Attorney Serving the South Metro
It’s time for one of the trickiest questions about divorce: Who gets the stuff? It seems like there should be a clear-cut answer, but unfortunately, that’s not the case.
By law, there’s supposed to be a 50/50 split of marital property and debt. But for many people who go through a divorce, things usually pan out a little bit (or a lot) differently.
The Hard Truth About the Division of Marital Property
The “equitable” division of marital property means something different to each particular judge.
Here are some tough points to consider:
- Inheritances are not marital property
- Student loans are not marital debt
- The property valuation is based on the date of the Initial Case Management Conference (ICMC) – regardless of fluctuating property values
- Spousal support is a gray area
We Offer A Free Consultation!
At Therres Law Office, our family law attorney is welcoming, personable, and collaborative. Our team offers a comforting presence and give helpful guidance from a place of genuine care.
But when it comes to unfair negotiations and unfriendly courtrooms, our claws come out. We are probably all that stands between you and an overwhelming judicial system, so we take it very seriously.
We’re eager to wield our experience to help you feel safe and self-assured as you negotiate terms that affect the most precious part of your life — Your family. Call 952-226-2223 for your FREE consultation!