Divorce and Investing

Divorce and Investing

There are many changes that occur with divorce, especially in the realm of finances. The assets and income that was once available to a single household is now split, yet the total expenses are typically greater. For those who receive a financial settlement in their…

Dividing Assets and Debts During a Divorce

Dividing Assets and Debts During a Divorce

Financial concerns are often a sticking point when two people are going through a divorce.  Not only can splitting assets become a point of contention in some cases, but resolving debt issues is also a major concern.  Determining who will be responsible to pay off…

Top Minnesota Divorce Issues - Depletion vs. Dissipation of Property

Top Minnesota Divorce Issues – Depletion vs. Dissipation of Property

Although Depletion and Dissipation of property carry different meanings, in Minnesota the terms are generally used synonymously by the Court, and by Divorce lawyers.  Dissipation is defined by Minnesota case law as “wasting or expending funds foolishly.” Volesky v. Volesky, 412 N.W.2d 750 (Minn. Ct.…

Top Minnesota Divorce Issues - Spousal Maintenance and Income Imputation

Top Minnesota Divorce Issues – Spousal Maintenance and Income Imputation

During a Minnesota divorce proceeding, the Court may order that one spouse pay spousal maintenance to the other spouse.  An award of spousal maintenance is based upon need, and the primary reason for spousal maintenance is to provide cash flow to a spouse in order…

Minnesota Divorce and Property Division - Equitable vs. Equal.

Minnesota Divorce and Property Division – Equitable vs. Equal.

Equitable does not necessarily mean equal (check Black’s Law Dictionary).  In Minnesota Divorce cases, the division of Assets and Debts does not need to be mathematically equal, and you are not entitled, under Minnesota law, to “exactly half .”  Minnesota Statute 518.58, subd. 1, states that…