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i think the first thing is to get as
much information as you can
so getting things valued very often
that’s houses
pensions
sometimes there’s collectibles other
things are little unusual you know coin
collections uh art
so getting a balance sheet together
that everyone can live with is is a key
point you know sometimes it’s as simple
as pulling blue book values for cars
uh you had people go online even during
a during a settlement conference of some
sort
and just pull numbers for you know what
what are hummels value valued at or
whatever other collectibles they may
have
you know sometimes there’s a small
business so getting that valued so
getting getting the data up front
helps the process immensely
then you need to decide who wants what
so there it’s it’s not unusual that
there’s a dispute over who gets the
house
how you solve that problem um you know
there’s no right or wrong answer and
sometimes
you know
judges
will order the sale of a house and
neither side wants that typically
one or the other parties wants the house
for various reasons sometimes it’s for
the kids sometimes they had it before
the marriage i mean there’s there’s all
kinds of reasons there’s not
good guidance on on how to how to make
that decision um it’s left really in the
discretion of the judges so when we’re
trying to settle the case you know we we
know that and any number of things could
happen
people typically um
find other things they want um
you know to offset the value of the
house
so you know you you get that data you
you kind of try to you know work through
who gets what
and then at the bottom you know you hope
it comes as close to equal as possible
and if it doesn’t you create a buyout
arrangement typically and sometimes that
buyout arrangement is tied into other
issues so it might offset spousal
maintenance for a time or
you know someone may agree to do
something in return for for something
creative on the buyout so we leverage
property against you know other things
maybe someone will keep their spouse on
medical insurance
um in return for that if it’s if it’s
available to them i’ve had cases where
you know one party was was handy around
the house and agreed to you know do some
upkeep things for a couple years i mean
so there’s there’s all kinds of things
people are willing to do
um you know a little horse trading
around property
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St. Paul, MN family law attorney Thomas Tuft talks about his approach in handling a property division dispute.