Protecting Your Assets In Divorce
One of the more complicated issues in divorce is dividing the parties’ assets and debts. In Minnesota, marital property and debt are divided in an equitable manner upon divorce. Identifying nonmarital interests and determining the value of complex marital assets often require detailed analysis and nuanced legal arguments.
At Krueger, Juelich & Schmisek, PLLC, we have the experience and resources to handle complex, high-asset property division matters for clients in Minnetonka and throughout the Twin Cities. Call our Minnetonka office now at 952-373-8564 to schedule your initial consultation. We represent clients in the division of all types of marital property, including:
- Homes and other real estate
- Retirement assets
- Business assets
- Professional practices
- Executive compensation such as stock options, restricted stock units and deferred compensation
Experienced Property Division Guidance
Divorce attorney Elizabeth Juelich brings a valuable financial perspective to our divorce practice. Her knowledge and experience in tax issues, budget development and management, finance, strategic planning, and federal financial compliance enhance our ability to serve the needs of business owners, officers, executives, professional practice owners and others with complex asset portfolios. We are well-versed in cash flow considerations, nonmarital tracing, identifying hidden assets, valuation, and other issues that bear on property division settlements.
A fair and equitable property distribution can mean many different things to many different people. We care about your future financial security and evaluate your current financial situation with your future in mind. Our lawyers help you to see a perspective that you might not have considered, and we argue for applicable laws to be applied to your benefit. Most importantly, we prepare for each settlement meeting and court hearing with the level of importance that is required to help you maintain or rebuild your financial position so that you can achieve long-term financial security.
While marital property is subject to division in divorce, nonmarital property remains the property of the original owner. Nonmarital tracing is the process of determining the nonmarital interest in marital property. For instance, if a person owned a house prior to the marriage, and during the course of the marriage sold the house and used the proceeds to buy a new house, he or she could claim some degree of nonmarital ownership in the new house. Nonmarital tracing is a complex and often contentious issue and should be handled by an attorney who is well-versed in Minnesota property division statutes and case law.