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Property Division Recent Article List Who Gets the Engagement Ring in Minnesota Divorce Cases? Minnesota law is very clear on this point. If an engagement ring was given prior to the marriage, and a marriage subsequently took place, then the engagement ring is the non-marital property of the recipient, and the giver has no right to any of its value. Who Gets the Dog in Minnesota Divorces? In Minnesota divorce law, dogs, cats, and other pets are considered personal property. So if you owned a pet prior to the marriage, or acquired it during the marriage by gift or inheritance, or with non-marital money, then that pet is your non-marital property. Otherwise, it is marital property, and may be awarded to either party. Valuing & Dividing the Marital Estate Marital property laws in Minnesota and Wisconsin define the marital estate (community property) as any asset acquired during the marriage whether that asset is held in the name of either party or both. Real Estate/Homestead Divisions n a divorce, one of the most difficult issues is often what happens to the house the family lives in or other real estate. There are a number of options that must be considered when determining how real estate is to be divided in a divorce. Dividing Unvested Pensions and Stock Options in Divorce Often Parties are faced with difficult issues related to the division of property. One of the more vexing property settlement issues is dividing marital assets that have not yet vested. Dividing Deferred Compensation Plans Deferred compensation refers to pension plans, 401K plans, IRAs and other retirement assets. Such plans are divisible as part of a property settlement in divorce regardless of which party is named on the plan. How they are divided depends on the value and nature of the asset. Credit - Debt Division and Divorce Divorce can have devastating financial consequence. During a marriage, you learn to budget based on a family income and on family debts. Some of the monthly expenses remain constant like mortgages and car loan payments. Property Divisions and Non-Marital Assets In any divorce case, there is usually a division of assets and a determination of each persons responsibility for debts. Valuing a Business in Divorce In today’s economy, it is more and more common for divorcing couples to struggle with the valuation and division of a small business as part of the divorce process. Property and Debt Allocation in Minnesota Divorce In Minnesota, all property acquired during the marriage by either party is presumed to be marital property. Recent Property Divsion Blog Posts     All Property Division Blog Posts Related Article Archives Property & Debt Division Property Valuations Premarital Agreements     All Article Archives Navigate:   Home States Minnesota Divorce Source Minnesota Divorce Articles Property Division Start Your Minnesota Online Divorce Today Easy, Fast and Affordable with a 100% Guarantee. Find Minnesota Divorce Professionals in Your Area: Choose a County! AITKIN ANOKA BECKER BELTRAMI BENTON BIG STONE BLUE EARTH BROWN CARLTON CARVER CASS CHIPPEWA CHISAGO CLAY CLEARWATER COOK COTTONWOOD CROW WING DAKOTA DODGE DOUGLAS FARIBAULT FILLMORE FREEBORN GOODHUE GRANT HENNEPIN HOUSTON HUBBARD ISANTI ITASCA JACKSON KANABEC KANDIYOHI KITTSON KOOCHICHING LAC QUI PARLE LAKE L. OF THE WOODS LE SUEUR LINCOLN LYON MAHNOMEN MARSHALL MARTIN MCLEOD MEEKER MILLE LACS MORRISON MOWER MURRAY NICOLLET NOBLES NORMAN OLMSTED OTTER TAIL PENNINGTON PINE PIPESTONE POLK POPE RAMSEY RED LAKE REDWOOD RENVILLE RICE ROCK ROSEAU SAINT LOUIS SCOTT SHERBURNE SIBLEY STEARNS STEELE STEVENS SWIFT TODD TRAVERSE WABASHA WADENA WASECA WASHINGTON WATONWAN WILKIN WINONA WRIGHT Y. MEDICINE Join the Network Minnesota Divorce Products, Services and Solutions Minnesota Divorce Resources to Help You Through the Process. Minnesota Mandatory Online Parenting Class Easy and convenient - complete at your own pace online. Discount Divorce Bookstore Over 100 Titles of the Best Books on Divorce & Custody. Divorce Download Center Instantly Download, Books, Manuals, & Forms. Free Minnesota Divorce Worksheet & Separation Agreement Your Guide to Get Organized and Put Everything in Writing. A Minnesota court can award alimony to either spouse. Support is appropriate if a spouse isn't capable of self-support due to a lack of property, suitable employment or has custody of a child and cannot work outside the home.

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