Top Minnesota Divorce Issues – How are Assets and Debts Divided During A Divorce?
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 "half of your half." Minnesota Statute 518.58, subd. 1, states that the District Court is required to make a "just and equitable" division of [...]
Top Questions In Minnesota Divorce – Property Division
Minnesota Divorce and Property DivisionIn Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and attention to detail; the division of assets does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to one-half of the marital assets. [...]
Top Issues – Minnesota Divorce and Spousal Maintenance
Spousal Maintenance (Alimony) in MinnesotaSpousal Maintenance (also referred to as "Alimony") is an area that is frequently misunderstood, and is often litigated. Equalizing "cash flow" or available income is not required by Minnesota Statue 518.552, as an award of Spousal Maintenance is based on need. Spousal Maintenance, unlike Child [...]
Minnesota Divorce – Top Questions Regarding Asset and Property Division
The division of assets, property and debts during a Minnesota Divorce is a process that requires financial acumen and precise attention to detail. The division does not need to be mathematically equal, only equitable. Frequently, the parties agree to divide the assets on the balance sheet in a manner that is [...]
Minnesota Divorce and Property Division
During a Minnesota Divorce case, the division of assets, property and debts requires financial acumen and attention to detail. The division of assets during a Divorce does not need to be mathematically equal, only equitable. In many cases, the parties agree to divide the assets on the balance sheet in [...]
Minnesota Divorce and the Division Of Property – What Are You Entitled To?
During a Minnesota Divorce case, parties frequently have issues regarding the division (and proper valuation) of property and 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, and there is no requirement that the division [...]
Top Divorce-Related Financial Issues in Minnesota
In Minnesota Divorce cases, the division of Assets and Debts is a process that requires substantial financial acumen and attention to detail; the division of Assets during Divorce does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to exactly half of the marital [...]
Family Court in Minnesota – Top Divorce Issues
In Minnesota Family Court, parties address important legal matters such as Divorce, Child Custody, Child Support, Parenting Time, Property Division and Spousal Maintenance (Alimony). Family Court can be quite complex - there are numerous Minnesota statutes, rules and procedures that must be followed and adhered to. For this reason, the [...]
Top Spousal Maintenance (Alimony) Issues In Minnesota Family Court
Throughout Minnesota, Spousal Maintenance (sometimes referred to as "Alimony") is an advanced financial topic associated with Divorce. Unlike Child Support, Spousal Maintenance does not provide the parties with a formula to determine if - and for what duration - money should be paid to a spouse after a Divorce. It's [...]
Top Divorce Issues – Hennepin County
Hennepin County, in particular, uses Alternative Dispute Resolution (ADR) processes in Divorce and Family Law cases including SENE to address Child Custody and Parenting Time and FENE to address Financial Issues including Child Support, Property Division, Tracing and Valuation Of Assets and Spousal Maintenance (Alimony). Your Divorce lawyer you should [...]