Minnesota Divorce Update – Top Questions Regarding Asset and Debt Division.
In Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and significant attention to detail. The division of assets and debts does not need to be mathematically equal, as addressed in Johns v. Johns, 354 N.W.2d 564, 566 (Minn. Ct. App. 1984). However, [...]
Minnesota Divorce and Spousal Maintenance
In Minnesota Divorce cases, Spousal Maintenance (also referred to as "Alimony") is a topic that is often misunderstood, frequently litigated at the District Court level, and is often appealed to the Minnesota Court Of Appeals. Spousal Maintenance, unlike Child Support, does not provide the parties with a basic formula to [...]
Minnesota Divorce and Property Division – Are You Really Entitled To Half?
In Minnesota Divorce cases, the division of assets and debts does not need to be mathematically equal, and you are not entitled, under Minnesota law, to "half of your half." Minnesota Statute 518.58, subd. 1, states that the district court is required to make a "just and equitable" division of [...]
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. [...]
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, [...]