Child Custody Evaluations in Minnesota Family Court
In some Minnesota Divorce and Family Law cases, a Child Custody Evaluation (conducted by Court Services or by a private evaluator such as a Social Worker, Psychologist, Therapist or an experienced legal professional) can aid the Judge in making a custody determination that is in the best interests of the [...]
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 [...]
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 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 [...]
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. [...]
Top Minnesota Child Custody Questions – Family Law
During a Minnesota Family Law case, the 3 most frequent questions regarding child custody are (1) What is legal custody ? (2) What is physical custody ? and (3) Do most parents share legal and physical custody? Legal custody refers to the right to make decisions about how to raise [...]
Top Reasons To Use A CPA During A Divorce
The primary reasons to use a CPA during a Divorce includes: 1) to determine the present value of certain assets; 2) to perform non-marital tracing of retirement account assets such as a 401k or 403b, and 3) to prepare cash flow and tax scenarios. Present value calculations can be difficult, [...]
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 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 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 [...]