Top 3 Financial Issues in Minnesota Divorce
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 [...]
Top Hennepin County Property Division Issues
In Minnesota Divorce cases, property can be both marital and non-marital (for example: real estate). If an asset is both marital and non-marital it is sometimes necessary to perform a neutral financial analysis (also referred to as forensic tracing) in order to determine the marital portion and the non-marital portion. With real estate, the financial analysis is [...]
Top Minnesota Divorce Issues – Property Division
In Minnesota, more than 50% of all married couples will be divorced at some point. The Divorce and Family Law process can be complicated, and requires experienced legal representation in order to provide the best opportunity for a proper and equitable resolution of the contested issues. Financial issues are frequently [...]
Minnesota Divorce – Property Division
In a Divorce case, a just and equitable division of assets does not need to be precisely equal, and you are not entitled, as a matter of law, to "half of your half". In many divorce cases, the parties simply agree to divide the assets equally (although there are many [...]
Hennepin County Divorce | Complex Assets
A just and equitable division of assets does not need to be mathematically equal, and you are not necessarily entitled, as a matter of law, to "half of your half" (although this is how family lawyers frequently explain asset division to their clients). In many divorce cases, the parties simply [...]
Minneapolis | Hennepin | High Conflict Divorce
One of the more frequent concerns for people considering a divorce is whether the case will be (or needs to be) contentious and adversarial in nature. This depends on many things, including the personality of the parties and the attorneys, and whether the parties are open to using methods other [...]
Top Minnesota Divorce Question – How Long Will My Case Last?
One of the most important questions facing any person who is thinking about divorce is "How long will my case last, or how long will it take for my divorce to be final." These are important questions, and the answer is not always simple. Many divorce case can be handled [...]
Hennepin County Collaborative Divorce
In Minnesota, Collaborative Divorce (also referred to as Collaborative Practice) the parties agree to have their case resolved without court appearances and without unnecessary conflict. In Collaborative Divorce, the parties sign a Participation Agreement at the beginning of the case that describes how the case will be handled, including rules [...]
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 [...]
Divorce – Asset Division
A just and equitable division of marital assets does not need to be mathematically equal. An award of 53.8 percent of the marital estate to the Wife and 46.2 percent to Husband was upheld in the case of Trosvig v Trosvig, A-10 (Minn. Ct. App. May 31, 2011). During divorce, [...]