Every divorce and circumstance is different, but one aspect is true for all couples: Divorce is difficult. Even when a marriage ends amicably, it is a significant change for you, your family, friends, and finances. To find your way to the other side of divorce…
Separation or divorce can breed resentment between ex-spouses. While you may feel that you are in a battle to establish who should suffer due to the breakup, both parties lose if they can’t find ways to get along. When there are kids involved, the situation…
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…
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.…
Being a celebrity has its downsides. Morena Baccarin, famous for her character on the hit TV show “Gotham” and many other roles, has been fighting a long battle over her first marriage to Austin Chick for their child. Divorce and child custody battles can be…
The resolution of Social and Financial issues during a divorce case is advantageous for all parties. Early Neutral Evaluation is a voluntary process that can provide options for settling disputes regarding parenting time, child custody, spousal maintenance, property division, asset valuation, and related matters. There…
If you are the divorced parent of a college-age student, it is a good time to work with your ex-spouse when it comes to finances. Regardless of your history together, your child’s future comes first. These three tips will help you navigate some of the…
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…
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…
In Minnesota, Spousal Maintenance (Alimony) is based upon need, and not the equalization of cash flow (equalizing monthly cash flow is not required or even addressed by Minnesota Statue 518.552). Unlike Child Support, Spousal Maintenance does not provide the parties with a basic formula to…
