Initial Case Management Conference (ICMC) in Minnesota Family Court
In Divorce and Family law cases throughout the Twin Cities, the Initial Case Management Conference (ICMC) is typically the first court appearance with a Judge. The ICMC provides the parties with an opportunity to discuss important topics such as whether a Social and/or Financial Early Neutral Evaluation process would be [...]
Child Custody – Best Interest Factors – Minnesota
In Minnesota divorce and family law cases, evaluating child custody, at times, can be a very complex process. Minnesota Courts use the child's best interests as the guiding principle when determining child custody (there are 13 different statutory best interest factors and 1 case law imposed best interest factor, which [...]
Top Minnesota Divorce Issue – Tracing Non-Marital Property
It is quite common for one spouse to own assets or property (Real Estate, Retirement Account, Pension, Investment Account, etc.) that is non-marital, either in part, or in whole. If an asset is both marital and non-marital, it is generally necessary to perform a non-marital tracing of the asset, performed [...]
Top Reasons To Use An Actuary in a Minnesota Divorce
In a Minnesota Divorce case, the most frequent reasons to use an Actuary are 1) to determine the present value calculation of an asset, such as a pension; 2) to perform calculations related to non-marital claims, and 3) to run financial projections and scenarios based on risk and other assumptions. [...]
Top Minnesota Child Custody Questions – Family Law
During a Minnesota Family Law case, the 3 most frequent questions regarding child custody are (1) What is legal custody ? (2) What is physical custody ? and (3) Do most parents share legal and physical custody? Legal custody refers to the right to make decisions about how to raise [...]
Top Reasons To Use A CPA During A Divorce
The primary reasons to use a CPA during a Divorce includes: 1) to determine the present value of certain assets; 2) to perform non-marital tracing of retirement account assets such as a 401k or 403b, and 3) to prepare cash flow and tax scenarios. Present value calculations can be difficult, [...]
Family Law Top 3 SENE Issues – Child Custody
Social Early Neutral Evaluation (SENE) addresses Family Law issues involving a child or children. The 3 most important issues addressed during a typical SENE include 1) Physical Custody 2) Legal Custody 3) Parenting Time. In Hennepin County, and throughout the Twin Cities, SENE cases are usually handled by a team [...]
Minnesota Divorce – Top 5 FENE Issues – Financial
A Financial Early Neutral Evaluation, or FENE, is quite common during a Minnesota Divorce Case. Top issues during a FENE include 1) whether non-marital assets exist and need to be traced 2) the valuation of assets 3) property and asset division 4) spousal maintenance issues 5) debt division. An Actuary, [...]
Minnesota Divorce – Marital and Non-Marital Property
In many Minnesota Divorce cases, a spouse owns property that may be non-marital, either in part or in whole. Property can be both marital and non-marital (for example: a house, a cabin, retirement accounts or business assets). If an asset is both marital and non-marital, it may be necessary for a CPA, Actuary [...]
Top Minnesota Divorce Issues – Property and Asset Division
In Minnesota Divorce cases, an equitable division of assets does not need to be mathematically equal, and you are not necessarily entitled, as a matter of law, to one half of the marital assets (although most family lawyers typically explain asset division to their clients in this manner). In some [...]