We Represent Divorce and Family Law Clients Across the Twin Cities
Located in the historic Linden Hills neighborhood of Minneapolis, Lake Harriet Law Office provides outstanding legal representation exclusively in the areas of Family Law and Divorce.
Attorney Randall A. Smith represents clients in Divorce, Child Custody, Child Support, Parenting Time, Property Division, Spousal Maintenance (Alimony), Complex Cases, Family Law Appeals and Antenuptial Agreements.
Financial Expertise in Divorce Cases
In Divorce cases, financial expertise it vital, including the ability to precisely value Assets (such as Retirement Accounts, Brokerage Accounts, Real Estate, Businesses, Partnerships, S-Corporations, Pensions, Intellectual Property and Personal Property), to accurately trace Marital and Non-Marital Assets (when required) and to prepare a Balance Sheet identifying Assets and Debts as of the valuation date. In some cases, Financial Neutrals (such as a CPA, Actuary, ASA, CFP, CDFA or Real Estate Appraiser) may be used to provide present value calculations for the parties to the case.
In contested cases involving Child Custody or Parenting Time, a custody evaluation may be conducted to determine what is in the best interests of the minor child or children; the use of a Therapist, Social Worker, Psychologist is common in many High Conflict and Complex Cases; our Firm frequently provides recommendations in these cases to assist the client.
We also provide a variety of Alternative Dispute Resolution (ADR) options for Family Law clients including Divorce and Family Mediation and Early Neutral Evaluations (both Social Early Neutral Evaluations and Financial Early Neutral Evaluations).
Spousal Maintenance (Alimony) in Minnesota
In Minnesota, Spousal Maintenance (Alimony) is based upon need, and the equalization of cash flow (or available income) is not addressed by Minnesota Statue 518.552. The trend over the past five (5) years – especially in the Twin Cities – has been more temporary (also called rehabilitative) spousal maintenance awards, and fewer permanent spousal maintenance awards. Equalizing cash flow is not how we address spousal maintenance, but can be used as a baseline when negotiating financial aspects of the case. Spousal maintenance is need based, and equalizing cash flow may provide the recipient with cash in excess of their reasonable monthly budget.
Children and Divorce
In contested cases involving Child Custody or Parenting Time, a Social Early Neutral Evaluation (SENE) or Custody and Parenting Time Evaluation may be conducted to determine what is in the best interests of the minor children; the assistance of a Psychologist or Social Worker is common in High Conflict cases. Children should not be exposed to conflict during a Divorce or Family Law case.
Each Divorce is Unique
Each Divorce case is unique and the legal approach taken will vary depending on the facts of the case and the needs and interests of the client. Financial issues such as property division, asset valuation, retirement account analysis and tax and financial planning are vital components of any Divorce case.
Our goal is to provide you with the highest-quality legal representation, and to make sure that you are well-informed throughout the entire legal process – from the beginning of your case until the conclusion of your case.
Lake Harriet Law Office represents clients in Minneapolis, Edina, Bloomington, Golden Valley, Hopkins, Eden Prairie, Minnetonka, Wayzata, Hennepin County, Ramsey County, St. Paul, Wright County and Scott County.
Please call 612-750-4843, or complete the Contact Us form to schedule a consultation.
Managing Attorney – Randall A. Smith 612-750-4843