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. [...]
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 [...]
The Minnesota Family Court Process
Throughout Minnesota, Family Court provides an opportunity for parties to resolve legal issues that involve important matters such as Divorce, Child Custody, Child Support, Parenting Time, Property Division and Spousal Maintenance. For most people, Family Court can be overwhelming and intimidating; there are numerous Family Law rules and procedures, and [...]
Initial Case Management Conference (ICMC) in Minnesota Family Court
In Divorce and Family law cases throughout the Twin Cities, the Initial Case Management Conference (ICMC) is typically the first court appearance with a Judge. The ICMC provides the parties with an opportunity to discuss important topics such as whether a Social and/or Financial Early Neutral Evaluation process would be [...]
Top Minnesota Divorce Issue – Tracing Non-Marital Property
It is quite common for one spouse to own assets or property (Real Estate, Retirement Account, Pension, Investment Account, etc.) that is non-marital, either in part, or in whole. If an asset is both marital and non-marital, it is generally necessary to perform a non-marital tracing of the asset, performed [...]
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 [...]
Hennepin County Divorce – FENE – SENE
Early Neutral Evaluation (ENE) is a process that is increasingly being used and ordered by Courts to help resolve Family Law issues involving child custody and parenting time (referred to as SENE). In addition the ENE process can assist parties with the resolution of financial matters (referred to as FENE) [...]