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. [...]
Attorney Amber C. Bretl Joins Lake Harriet Law Office
Amber C. Bretl joined Lake Harriet Law Office as Associate Attorney in November of 2014. Ms. Bretl earned her J.D. from Hamline University School of Law and her B.A. in Political Science and Spanish from the University of Wisconsin-Eau Claire. She is a member of the Minnesota Bar Association and [...]
Top Issues – Minnesota Divorce and Spousal Maintenance
Spousal Maintenance (Alimony) in MinnesotaSpousal Maintenance (also referred to as "Alimony") is an area that is frequently misunderstood, and is often litigated. Equalizing "cash flow" or available income is not required by Minnesota Statue 518.552, as an award of Spousal Maintenance is based on need. Spousal Maintenance, unlike Child [...]
Child Custody – Best Interest Factors – Minnesota
In Minnesota divorce and family law cases, evaluating child custody, at times, can be a very complex process. Minnesota Courts use the child's best interests as the guiding principle when determining child custody (there are 13 different statutory best interest factors and 1 case law imposed best interest factor, which [...]
Top Reasons To Use An Actuary in a Minnesota Divorce
In a Minnesota Divorce case, the most frequent reasons to use an Actuary are 1) to determine the present value calculation of an asset, such as a pension; 2) to perform calculations related to non-marital claims, and 3) to run financial projections and scenarios based on risk and other assumptions. [...]
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 [...]