A Tradition of Service, Focused On Achieving Positive Results
Protecting Your Separate Property During Divorce
You have worked hard to get where you are. Now, you may worry that your pending divorce could ruin everything you worked hard to earn. If you are concerned that a divorce could drain your finances, including any money you made before getting married, obtain experienced legal counsel.
You had a life before you got married that deserves to be protected. If you made money before getting married while working or through an inheritance, this is considered nonmarital property. You are entitled to start the next chapter of your life with the money you had before you got married.
This may seem straightforward, but property division can quickly become a contested part of the divorce process. Assets you owned before getting married could become subject to an equitable distribution depending on how your assets and debts were handled during your marriage. When you select our family law firm, we will evaluate what property is considered joint or separate assets, such as:
- Pension plans and 401(k)s
- Real estate investments
Handling Property Division Matters For 30 Years
For more than 30 years, the attorneys at Coodin & Overson, PLLP, have advocated for clients in Woodbury and throughout the Twin Cities going through divorce. Outside of child custody matters, nothing can cause emotions to escalate more than financial concerns. We have extensive experience handling simple and complex divorces throughout Minnesota. We are committed to guiding you through the divorce process, while protecting your financial interests. Contact our Lake Elmo nonmarital asset division attorneys to learn how we can apply our years of experience and legal skills to preserve your financial interests.
We have access to forensic accountants and other industry-leading experts who can trace your financial records to help us understand how your nonmarital and marital assets were handled during your marriage. If the money you earned before getting married was commingled with your joint assets, this would no longer be considered your separate property. For example, if your ex spent a portion of his or her inheritance as a down payment for your family home, you would be entitled to profits from the sale of your home.
However, your spouse would maintain the portion of his or her inheritance that was not commingled with your joint savings. This is a highly complicated area of the law. We know the right experts to consult to help you maintain the property you are entitled to keep. If you drafted a premarital agreement before getting married, this can be used to determine how property should be divided in an effort to avoid a fight.
Contact Our White Bear Lake Property Division Attorneys Today
Getting divorced should not drain all of your assets, including money you kept separate from your joint affairs. We know the right experts to consult who can help us determine what assets are nonmarital and the value of those assets. Contact our nonmarital asset division lawyers today for a free initial consultation in Lake Elmo.