Categorized: Property

KEEPING THE HOMESTEAD SAFE IN A DIVORCE

Posted on Tuesday, January 2nd, 2018 by Tim Simonson and is filed under Divorce, Minnesota, Property.

Divorcing couples who own a home still remain homeowners, even after the divorce; they just aren’t joint owners any longer. Instead, they own the home as individuals who each have a one-half ownership interest in the house. This difference may seem obscure but, can be important. For instance, a married homeowner receives the entire house… Read more »

What can I get out of it? Splitting Joint Property Interests Between Unmarried Cohabitants

Posted on Tuesday, May 16th, 2017 by Tim Simonson and is filed under Minnesota, Property.

Just like married couples, unmarried couples who live together still acquire stuff together (furniture, jewelry, vehicles, and real estate), and when they (hopefully never) split up, they still need to figure out who gets what.  When married people split up, we call that a divorce.  But Minnesota doesn’t recognize common law marriage and so unmarried… Read more »

Divorce and Personal Property

Posted on Tuesday, January 31st, 2017 by Marc Beyer and is filed under Divorce, Process, Property.

One thing that is accomplished by a divorce is a “just and equitable division” of the marital estate. Your marital estate can consist of real estate, a business, retirement accounts, bank accounts, vehicles, and any other assets of value. As I often explain to clients, to accomplish this division, we create a marital balance sheet… Read more »

Family Court Lessons to be Learned from Prince

Posted on Tuesday, January 17th, 2017 by Marc Beyer and is filed under Divorce, Finances, Life, Marriage, Minnesota, Property.

As we all know, Prince died last year.  He died without a will, and the battle over his estate wages on in Carver County District Court.  As we’ve also learned, he died from an apparent overdose of fentanyl – a prescription painkiller – and he is twice divorced. Prince’s most recent divorce was granted in… Read more »