Q: Am I entitled to half of the joint account in a Minnesota divorce?
My wife and I are getting a divorce in Minnesota, and we have a joint account where primarily my checks are deposited, while her checks are directed to her separate account. Given this situation, am I entitled to claim half of what is in the joint account?
A: You are likely entitled to half of the joint account in a Minnesota divorce.
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A:
In Minnesota, the division of assets during a divorce is based on equitable distribution, aiming for a fair, though not necessarily equal, division of marital property citeturn0search7. Even if your income primarily funded the joint account, the court will consider various factors, including both spouses' contributions and financial circumstances, when determining asset division.
To protect your interests, you might consider freezing the joint account temporarily to prevent further withdrawals until an agreement is reached citeturn0search0. Additionally, documenting all transactions and maintaining transparency can be beneficial during the division process.
Given the complexities involved, consulting with a family law attorney can provide guidance tailored to your specific situation, ensuring that your rights are upheld throughout the divorce proceedings.
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