Property Division Services Maple Grove, MN
Steps in Property Division
Property division is when we determine who gets which items after separation. While it can be stressful, we aim to help you through it to be as amicable as possible. We will take you through each of these steps:
Identify All Assets
We will go through everything to find all shared and individual assets and debts that have been accrued.
Classify Assets
Every asset and debt is classified as either “marital” or “divisible.” The marital assets are separated equally, while divisible assets are given to the person who owns it.
Put Value on Assets
All marital assets and debts are given values for each person involved. We aim to help encourage agreements between you and your former spouse. If an agreement cannot be reached, an appraiser will determine the value.
Distribute Assets
By this time, everything has been valued and classified to each person. We will then distribute all of the assets to their respective owner. While this might be stressful, we will help you every step of the way.