In Minnesota Family Law cases, an award of Spousal Maintenance (Alimony) is based upon need. Contrary to what some lawyers might profess, equalizing “cash flow” or available income is not required by Minnesota Statue 518.552. Judges in Minnesota have discretion in awarding spousal maintenance, and the decision whether to award spousal maintenance is permissive. A vocational assessment of the spouse requesting spousal maintenance has become much more prominent as a result of the 2011 decision in Passolt.
Use of Financial Experts in Divorce
The use of a CPA, Actuary or Real Estate Appraiser may be required in order to provide valuations of various assets, such as a 401k, 403b, Qualified Plan, IRA, Pension (including Teacher, Nurse, Physician, Carpenter, Professor, Electrician, Plumber, Police Officer, Firefighter) and Business and Real Estate valuations.
We Represent Clients Exclusively in Divorce and Family Law
Located in the historic Linden Hills neighborhood of Minneapolis, Lake Harriet Law Office Attorneys Randall A. Smith and Amber C. Bretl provide outstanding legal representation exclusively in the areas of Divorce and Family Law.
Lake Harriet Law Office represents clients in Minneapolis, Edina, Bloomington, Golden Valley, Hopkins, Eden Prairie, Southwest Minneapolis, Kenwood, Linden Hills, Plymouth, Hennepin County, Ramsey County, St. Paul, Minnetonka and Scott County.
Please call 612-750-4843 or complete the Contact Us form to schedule an office consultation.
Randall A. Smith – Principal Attorney
Amber C. Bretl – Associate Attorney