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 [...]
Top 3 Financial Issues in Minnesota Divorce
In Minnesota, the 3 most challenging Financial Issues during Divorce are 1) the present value calculation of assets; 2) non-marital claims, and 3) spousal maintenance (alimony). Present value calculations can be difficult, and may require the assistance of a CPA, Actuary or CFP. Pensions, annuities and business valuations are three [...]