Common Financial Issues in High-Net-Worth Divorces
When a married couple has assets with substantial value, the division and valuation of marital property during a divorce can be complicated. In many cases, asset buckets have different tax consequences, and some assets are more liquid than others. Coupled with market volatility, the process requires substantial financial acumen and [...]
Sydney Koehler joins Lake Harriet Law as a Student Attorney
Lake Harriet Law is pleased to announce that Sydney Koehler has started at the firm as a Student Attorney. Sydney is a second-year law student at the University of Minnesota Law School, completing her Juris Doctor Degree. Before attending law school, she graduated from Boston College with a Bachelor of [...]
Spousal Maintenance – The 8 Factors and Equalizing Income
In Minnesota, the topic of spousal maintenance (also referred to as alimony) is a frequent area of dispute during a divorce. Spousal maintenance is awarded to meet need, and it depends on a showing of need. The marital standard of living is analyzed in detail, along with cash flow and [...]
How Financial Issues Can Impact Divorce Proceedings
Data collected by TD Ameritrade as far back as 2018 found that 29% of divorced Baby Boomers and 41% of divorced Gen Xers cited disagreements about money as the cause of death for their marriages. Ironically enough, the same financial issues capable of ruining a marriage can also impact the [...]
How to Help Your Children Adjust to a Divorce
A divorce can be unsettling for everyone involved, including your children. If your children are struggling to cope, you can do a few things to make this transition period easier. Here are three tips to help your children adjust to a divorce. Provide Emotional Support Children can react to a [...]
Congratulations to Taylor Blatchford on her new law clerk job with Judge Tracy Perzel!
Taylor Blatchford worked as a Student Attorney at Lake Harriet Law Office during her 1L, 2L and 3L years of law school. Taylor graduated from Mitchell Hamline School of Law in June, 2021. Prior to attending law school, she earned a B.A. in Communication Studies and Criminal Justice from Iowa [...]
Manage the Stress of Divorce Through Meditation to Stay Healthy
Your mind is constantly busy, bouncing from one idea to another. This is particularly true during traumatic events like divorce. Thoughts about the situation can keep circling in your head, increasing worry and anxiety. In addition, the burden of balancing your feelings while adjusting to the realities of moving, budgeting, [...]
3 Helpful Legal Tips from Celebrity Divorces
Hollywood is one of the toughest places to build long-lasting relationships. Unfortunately, toxic relationships can have significant consequences years after a divorce, as evidenced by the Amber Heard and Johnny Depp trial earlier this year. Even though the couple divorced in 2016, there were still issues that remained unaddressed, which [...]
5 Ways to Stay Mentally Healthy During a Divorce
Going through a divorce can take a toll on your mental health. You may face feelings of guilt, and your spouse may intentionally cause anxiety, making a complex process even harder. In addition, parents have the added stress of taking care of children alone or attempting to co-parent through a [...]
3 Ways to Stay Mindful During Divorce
The process of divorce can be incredibly stressful and traumatic. The experience can change you and make you forget who you really are. Practicing mindfulness can help you stay grounded and focused so you can make it through and thrive. Here are three ways you can stay mindful during a [...]