Minnesota Divorce Topic - Equitably Dividing Assets and Debts

Minnesota Divorce Topic - Equitably Dividing Assets and Debts

Financial issues are often a sticking point during divorce. ¬†Not only can valuing and dividing assets become a point of contention, but allocating debt can also be a major concern.¬† In Minnesota Divorce cases, the division of Assets and Debts does not need to be…

Financial Issues - Qualified Plans Subject to Division

Financial Issues - Qualified Plans Subject to Division

In a Minnesota divorce proceeding, a qualified plan may include any marital portion of a retirement or investment account (IRA), pension plan, or deferred compensation plan that either party has an interest in. However, it is difficult to determine the value of these plans because…

Top Minnesota Divorce Issues - Depletion vs. Dissipation of Property

Top Minnesota Divorce Issues - Depletion vs. Dissipation of Property

Although Depletion and Dissipation of property carry different meanings, in Minnesota the terms are generally used synonymously by the Court, and by Divorce lawyers. ¬†Dissipation is defined by Minnesota case law as “wasting or expending funds foolishly.” Volesky v. Volesky, 412 N.W.2d 750 (Minn. Ct.…