Minnesota residents who are considering divorce should be aware of the steps experts recommend to ensure fair asset division. The first step is to seek out a team of legal professionals as well as tax and investment professionals who can provide crucial advice throughout divorce proceedings. A senior executive wealth adviser emphasizes the importance of keeping things as civil as possible throughout a divorce. Couples should also consider selling assets such as beach and vacation houses rather than keeping them for adult children to use. The proceeds of the sale can then be given to the children instead, which often prevents conflict.
It is important to name personal assets, especially for the dependent spouse. In many divorce cases, the dependent spouse is left with only a monthly allowance and no personal assets. Certified divorce financial analysts can provide helpful advice for one or both parties, and they act as mediators throughout the divorce process.