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 examples of assets that often require such assistance during a Divorce.  Non-marital claims may also require advanced financial analysis.  The party making the non-marital claim may need to secure the services of a neutral CPA or Actuary, for example, to perform a non-marital tracing of an asset (such as a brokerage account, retirement account, stock or other asset).  Real estate experts can assist with Schmitz and Antone analysis during the Divorce case.  Spousal maintenance (alimony) is heavily litigated, often Appealed and frequently misunderstood, both as a matter of law and also with respect to the financial analysis involved to properly determine the marital standard of living, the appropriate budgets for the parties and whether temporary or permanent spousal maintenance is appropriate under the given facts and circumstances of the case.

It is important to have an experienced attorney who specializes in Divorce and Family Law and who can properly address complex legal issues during the case, including complex financial issues such as spousal maintenance, present value analysis of assets (including 401k, 403b, pensions, ESOP, and other retirement accounts), preparation of complex balance sheets, the discovery of hidden assets, analysis of Federal, Minnesota, Corporate and Partnership tax returns, high asset brokerage and financial portfolio asset review, and a firm understanding of equitable division as it applies to Minnesota divorce cases.

Our goal is to provide you with the highest-quality legal representation, and to make sure that you are well-informed throughout the entire legal process – from the beginning of your case until the conclusion of your case.  Your case will be handled with assertiveness and with precise attention to detail; our client service is highly-personalized, and we limit our case load in order to provide you with the best possible legal representation.

Located in the historic Linden Hills neighborhood of Minneapolis, Lake Harriet Law Office represents clients in Minneapolis, Edina, Bloomington, Golden Valley, Hopkins, Kenwood, Southwest Minneapolis, Linden Hills, Hennepin County, Ramsey County, St. Paul, Scott County, Washington County and throughout the Twin Cities.

Please call 612-750-4843 or complete the Contact Us form to schedule an office consultation.

Published On: June 9, 2013Categories: Family Law Updates

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We represent clients throughout the Minneapolis area in Divorce, Financial Issues, Child Custody, Child Support, Parenting Time, Property and Asset Division, Spousal Maintenance and more!

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