In a divorce, dividing assets can be difficult and time consuming. It is important to create an asset inventory, often called a “balance sheet.” This document will outline the parties’ assets and liabilities. Every divorce balance sheet will look different but it is essential to not overlook assets. Common assets include bank accounts, houses, cars, recreational vehicles, life insurance policies, and cash. However, the balance sheet may also include some easily overlooked assets such as sports tickets and jewelry. Assets should be included in the final judgment and decree to avoid future confusion and conflict.

Sport Tickets. Avid sports lovers may have season tickets or long-term rights to stadium seats. While this may seem insignificant to some, the value of sports assets can be high and can have sentimental value.

Security Deposits and Prepaid Rent. When you apply for an apartment or a rental, a security deposit and first and last months rent is often required. This asset is often forgotten until a party moves from a rental. However, the asset can add up to a few thousand dollars and should be included on your balance sheet.

Frequent Flyer Miles. For those who utilize credit card promotions for frequent flyer miles, the savings can add up. Some frequent flyer miles can be divided between the parties depending on the airline agreement.

Collectable Items. Whether a party collects vintage baseball cards to a coin collection, the value of the assets will need to be included. An expert sometimes needs to be used to establish an approximate value for the collection.

E-Currency. Bitcoin and other forms of electronic currency can be easily overlooked because they are not tangible objects. The market for e-currency has vastly grown in recent years and can hold large value.

Bonuses. From quarterly bonuses to end-of-the-year bonuses, the amounts may be considered a marital asset and may be subject to division between the parties. The bonus can be a marital asset even if it was deposited into a non-joint account.

Jewelry. It is no surprise jewelry can have high value. Amidst a divorce, it can easily be forgotten. Jewelry will generally need to be appraised by an expert to find its true worth. If the jewelry was obtained prior to the marriage, a pre-marital claim may be present.

Whether you are looking to divorce or have questions about commonly overlooked assets, contact our office today. Our experienced divorce attorneys have handled hundreds of divorce cases in the metro area involving unique assets. Contact our office today at (763) 323-6555 or by submitting an online contact inquiry through our website. We look forward to speaking with you.

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Photo of Jason Brown Jason Brown

Jason Brown founded the Brown Law Offices, P.A. in 2003 after working for several years as an associate attorney in downtown Minneapolis. He graduated with honors from Mankato State University in 1997 and the William Mitchell College of Law in 2000.

Jason has…

Jason Brown founded the Brown Law Offices, P.A. in 2003 after working for several years as an associate attorney in downtown Minneapolis. He graduated with honors from Mankato State University in 1997 and the William Mitchell College of Law in 2000.

Jason has successfully litigated against some of the more recognized family law attorneys in the Twin Cities. He has been named a “Super Lawyer” by Thomson Reuters, and one of the Top 100 Family Law Attorneys in Minnesota by the Society of Legal Advocates.

In addition to his work as a lawyer, Jason serves as a mediator, and court-appointed early neutral evaluator, in divorce and family law cases throughout Minnesota. He frequently writes and speaks concerning divorce and family law issues, including several invitations to present seminars for the Minnesota Judicial Branch in St. Paul.

Beyond family law, Jason has represented hundreds of clients accused of a serious crime, including arson, fraud, unauthorized computer access, burglary, felony strangulation and obstruction of justice. He also provides estate planning services.

Local media appearances by Jason include WCCO Radio, KARE 11 Television, Fox 9 Television and WCCO Television. His national media appearances include NBC News, Time Magazine, USA Today and the Huffington Post.

Jason is the former chairperson of the Family Law Section of the Minnesota Trial Lawyer’s Association, and taught divorce and family law coursework within the paralegal program at North Hennepin Community College. He publishes the Minnesota Family Law Blog, which has been recognized as a “Top 25″ by the Minnesota State Bar Association.

Outside of the office, Jason enjoys playing the bass and electric guitar and spending time in the north woods of Wisconsin.


Areas of Practice
  • Divorce
  • Custody
  • Adoption
  • Restraining Orders
  • Prenuptial Agreements
  • Criminal Defense
  • Estate Planning
Notable Cases
  • Representation of Four Grandparents in Minnesota’s First Quad-Parenting Adoption
  • Representation of Client in Minnesota’s First Same-Sex Divorce
Bar Admissions
  • Minnesota State Bar, 2000
  • US District Court – District of Minnesota, 2002
Education
  • William Mitchell College of Law, 2000
  • Minnesota State University, Mankato, 1997
Joined Firm
  • 2003
Professional Associations & Activities
  • Minnesota State Bar Association
  • Presenter, Various CLE Courses
  • Monthly Columnist, Minnesota Lawyer Newspaper