Property Division: Protecting Your Share
The attorneys at Bowden Cyr, PLLC, have significant experience representing high net worth clients in family law matters. When substantial assets are involved in a divorce, property division can be extremely complex. We thoroughly understand both the legal and financial aspects of identifying, characterizing and dividing property upon divorce.
If you are facing the uncertainty of divorce, call 612-254-6409 to schedule a free consultation with one of our Woodbury lawyers.
Understanding How Courts Divide Marital Property
Once all of the parties’ assets have been identified and characterized as marital or nonmarital, a court must divide the marital property. They typically take into consideration one or more of the following factors:
- The length of the marriage
- Any prior marriage of either party
- The age, health, station, occupation, amount and sources of income, vocational skills, employability, estate, liabilities, needs, opportunity for future acquisition of capital assets and income of each party
- The contribution of each party in the acquisition, preservation, depreciation or appreciation in the amount or value of the marital property
- The contribution of a spouse as a homemaker
If a court finds that either spouse’s resources or property are so inadequate as to result in unfair hardship after divorce, it may (in addition to marital property) apportion up to one half of nonmarital property to prevent the unfair hardship.
Contact An Experienced, Caring Attorney
If you have significant assets and are facing divorce in Minnesota, please call 612-254-6409, or contact Bowden Cyr, PLLC, online to schedule your free initial consultation. You need skilled and experienced legal counsel to protect your interests and your future security.