Randall A. Smith

307, 2015

Minnesota Divorce Issues – The Division of Assets and Debts

July 3, 2015|

The division of assets and debts during Divorce is a process that requires financial expertise and significant attention to detail.  The division of assets and debts does not need to be mathematically equal, as addressed in Johns v. Johns, 354 N.W.2d 564, 566 (Minn. Ct. App. 1984).  In most long-term [...]

1006, 2015

Divorce and Spousal Maintenance (Alimony) in Minnesota

June 10, 2015|

Spousal Maintenance (also referred to as "Alimony") is a complex area of Family Law.  Equalizing "cash flow" or available income is not required by Minnesota Statue 518.552; an award of Spousal Maintenance is based on need.   Spousal Maintenance, unlike Child Support, does not provide the parties with a formula [...]

1505, 2015

Minnesota Divorce – The Division of Assets and Debts

May 15, 2015|

In Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and significant attention to detail.  The division of assets and debts does not need to be mathematically equal, as addressed in Johns v. Johns, 354 N.W.2d 564, 566 (Minn. Ct. App. 1984).  However, [...]

304, 2015

Top Question – Minnesota Divorce and Property Division

April 3, 2015|

During a Minnesota Divorce case, parties frequently have issues regarding the division (and proper valuation) of assets.  Minnesota law requires an "equitable division" of assets (and the same applies to debts).  The division is quite often something other than 50:50; there is no requirement that the division be precisely equal. [...]

202, 2015

Attorney Amber C. Bretl Joins Lake Harriet Law Office

February 2, 2015|

Amber C. Bretl joined Lake Harriet Law Office as Associate Attorney in November of 2014.  Ms. Bretl earned her J.D. from Hamline University School of Law and her B.A. in Political Science and Spanish from the University of Wisconsin-Eau Claire.  She is a member of the Minnesota Bar Association and [...]

2801, 2015

Top Minnesota Divorce Issues – Spousal Maintenance, Cash Flow and Vocational Assessments

January 28, 2015|

In Minnesota Family Law cases, an award of Spousal Maintenance (Alimony) is based upon need. Contrary to what some lawyers might profess, equalizing \"cash flow\" or available income is not required by Minnesota Statue 518.552. Court in Minnesota have judicial discretion in awarding spousal maintenance, and the decision whether to award spousal maintenance is permissive.

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