assets

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. [...]

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.

1404, 2014

Minnesota Divorce – Non-Marital Financial Tracing

April 14, 2014|

In Minnesota, it is quite common for one spouse to own assets, property or real estate that is non-marital, either in part, or in whole.  If an asset is both marital and non-marital, it is frequently necessary to perform a non-marital tracing of the asset, performed by a Neutral Actuary, [...]

1207, 2013

Minnesota Divorce – Marital and Non-Marital Property

July 12, 2013|

In many Minnesota Divorce cases, a spouse owns property that may be non-marital, either in part or in whole.  Property can be both marital and non-marital (for example: a house, a cabin, retirement accounts or business assets).  If an asset is both marital and non-marital, it may be necessary for a CPA, Actuary [...]

906, 2013

Top 3 Financial Issues in Minnesota Divorce

June 9, 2013|

In Minnesota, the 3 most challenging Financial Issues during Divorce are 1) the present value calculation of assets; 2) non-marital claims, and 3) spousal maintenance (alimony).  Present value calculations can be difficult, and may require the assistance of a CPA, Actuary or CFP.  Pensions, annuities and business valuations are three [...]

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