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 Questions In Minnesota Divorce – Property Division
Minnesota Divorce and Property DivisionIn Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and attention to detail; the division of assets does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to one-half of the marital assets. [...]
Minnesota Divorce – Top Questions Regarding Asset and Property Division
The division of assets, property and debts during a Minnesota Divorce is a process that requires financial acumen and precise attention to detail. The division does not need to be mathematically equal, only equitable. Frequently, the parties agree to divide the assets on the balance sheet in a manner that is [...]
Minnesota Divorce – Non-Marital Financial Tracing
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, [...]
Minnesota Divorce – Marital and Non-Marital Property
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 [...]
Top Minnesota Divorce Issues – Property and Asset Division
In Minnesota Divorce cases, an equitable division of assets does not need to be mathematically equal, and you are not necessarily entitled, as a matter of law, to one half of the marital assets (although most family lawyers typically explain asset division to their clients in this manner). In some [...]
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 [...]
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 [...]
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 [...]
Minnesota Divorce | Real Estate and Assets
Debts, like assets, are presumed to be marital, and the party seeking to have credit card debt deemed non-marital bears the burden of proof. Berlinerblau v. Berlinerblau, A10-952 (Minn. Ct. App. May 9, 2011) Minnesota Court Of Appeals reversed and remanded the trial court's findings on the division of credit [...]