Family Law Updates

2306, 2016

Mitigating Tax Liability in Divorce

June 23, 2016|

Divorce can be emotional, confusing and sometimes expensive.  During a divorce proceeding, any advice to save money, protect cash flow or mitigate tax liability is welcomed by a client. Fortunately, there are ways to address financial issues and mitigate taxes to help offset the existence of other new expenses.  You [...]

1902, 2016

Child Support and Taxes: 5 Essential Rules

February 19, 2016|

Tax season is upon us. During this time of year, we often focus on things like deductions and taxable income, and how we can maximize our tax credits and deductions to obtain the largest benefit from the IRS. When reviewing tax laws, attorneys and parties going through the legal process [...]

1502, 2016

What You Need to Know About Karon Waivers and Spousal Maintenance

February 15, 2016|

When going through a divorce, Minnesota allows for spousal maintenance (or alimony)  based on statutory  qualifications. Once an award for spousal maintenance is established it can be later modified if either party brings a motion for modification to the court because of changed circumstances.These changed circumstances include  job status, income, [...]

1812, 2015

Property Division During Divorce in Minnesota

December 18, 2015|

The division of assets during a Minnesota Divorce is a process that requires financial acumen and significant attention to detail.  The division of assets (as well as 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 [...]

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