Concerned about property division in divorce? Read this

| Nov 7, 2019 | Divorce |

When a Minnesota spouse decides to end a marriage, he or she typically hopes to resolve all related issues in as swift and amicable a manner as possible. An ultimate goal of divorce is often to settle things in court, leave the past behind and move on in life. Certain extenuating issues can complicate the process, however, such as if children are involved or if spouses failed to sign a prenuptial agreement before marrying, which is what happened in Kate Beckinsale’s case.

The actress met her former spouse on a movie set in 2003 and was married to him for more than 10 years. Trouble arose in their relationship when Beckinsale’s husband was reportedly seen around town with a popular fashion model. After a divorce petition was filed, it took approximately four years to finalize a settlement.

The couple did not have a prenup. Both spouses are said to have agreed to waive their rights to spousal support. Beckinsale requested to keep her personal effects, all her jewelry and the income she earned after she and her husband separated. Minnesota, like most other states, operates under equitable property division laws in divorce, which means the court determines a fair split of all marital assets and debt, which may or may not be 50/50.

It is logical to assume that most Minnesota spouses hope to finalize divorce in less time than it took Beckinsale and her ex to do so. One way to increase the chances of accomplishing such goals is to consult with an experienced family law attorney before heading to court. An attorney is well-versed and updated on property division rules, and can help a concerned spouse protect his or her financial interests during proceedings.