Legal Question in Family Law in Minnesota

Husband just bought a business in his name only

My husband just bought a business and it is in his name only. I am working now, but if the business does well I will be able to quit and stay home with our children when we have them. If we ever get divorced will I get half of the business or how do I ensure my financial security?


Asked on 6/25/08, 1:33 pm

2 Answers from Attorneys
Scott Timm Scott R. Timm Law Office

Re: Husband just bought a business in his name only

Generally speaking, any asset acquired by either spouse during the marriage, which was not a gift from a third party to one spouse only, or an inheritance received by one spouse only, is marital property subject to equitable division by the court. So you would have a right to make a claim for a marital interest in the business even though he may think of it as "his" business. This email is for educational purposes only and is not legal advice.

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Answered on 6/25/08, 1:43 pm
Scott Timm Scott R. Timm Law Office

Re: Husband just bought a business in his name only

Generally speaking, any asset acquired by either spouse during the marriage, which was not a gift from a third party to one spouse only, or an inheritance received by one spouse only, is marital property subject to equitable division by the court. So you would have a right to make a claim for a marital interest in the business even though he may think of it as "his" business. This email is for educational purposes only and is not legal advice.

Read more
Answered on 6/25/08, 1:43 pm


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