Top Question – Minnesota Divorce and Property Division
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. [...]
Family Law – Child Custody
Under Minnesota law, there are two types of child custody. "Legal custody" refers to the right to make decisions about how to raise the child, including decisions about education, health care, religious training and certain activities. "Physical custody" refers to the right to make decisions about the routine day-to-day activities of the [...]
Minneapolis Divorce | Tax Issues and Children
The tax benefits for a qualifying child are: 1) Head of Household filing status; 2) Child and Dependent Care Credit; and 3) Earned Income Credit. These three benefits can only be claimed by a parent who meets the definition of a custodial parent pursuant to Internal Revenue Code 152(e)(4)(A). There [...]