Handling Complex Property Division Concerns Present In High-Asset Divorces

The end of a marriage, whether it is sudden or expected, will result in both parties experiencing an emotional change. These emotions can lead to intense disagreements, especially when the couple has accumulated significant assets during their marriage. Dividing this property is challenging even in the best of circumstances, and in the middle of a contested divorce, it might seem impossible to find common ground.

At Melinda Weerts Law, PLLC, our focus is on helping you find an efficient and positive resolution of your divorce. Our lawyers have over two decades of practical experience working with men and women who are struggling with concerns related to high-asset divorces. We want to reduce the conflict that is affecting your divorce, make well-informed decisions about the division of your marital property and not spend any more than necessary on litigation.

Understanding The Law Behind Property Division In High-Asset Divorces

In Minnesota and North Dakota, there is no requirement that property be divided equally between the parties. You are not entitled to a 50-50 split of the property. The laws in both states only require the property be divided "equitably", or fairly, between the spouses. Determining what are marital assets and what is fair are usually the most common disagreements in high-asset divorces.

Our attorneys help with many different issues that often arise in these cases, including:

  • Helping parties determine the value of certain property, including business interests, self-employment income and retirement accounts
  • Working with professionals, including financial accountants, to ensure that all property is accounted for during the property division proceedings
  • Determining the ownership and value of farm land, mineral rights and other real property that the couple may have acquired
  • Discussing the couple's debts and future responsibility for these debts
  • Considering the options available regarding the couple's marital home or vacation properties

It may seem like a hopeless situation, but every problem some type of potential resolution. Many couples simply get caught up in the fight, and forget to think about what things will be like in the future. We want you to know exactly what options are available to you, what we can do to help and also what you can do to make this process much more beneficial for you.

Contact Us For Experienced Representation In Your High-Asset Divorce

To discuss your situation with one of our lawyers, please call our Fargo office at 701-297-2234 or send us an email using our contact form. We are licensed in North Dakota and Minnesota, and handle family law matters for clients throughout Fargo-Moorhead.