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.  An Actuary can calculate the present value of various pensions (including PERA, Nurse, Teacher, Police, Fire, Trades such as Electrician, Carpenter and Plumber) as well as other types of pensions.  Present value calculations for pensions can be quite difficult, and a precise value is required to correctly prepare a balance sheet during the Divorce.  Non-marital claims may also require advanced the financial analysis of an Actuary (or a CPA).  Non-marital assets may include a brokerage account, retirement account, stock, bond or any similar account

Spousal maintenance (alimony) is very often a topic of contention during a Divorce case, and may also require the assistance of an Actuary (or a CPA or CFP) to perform various financial calculations and spreadsheets.  Spousal maintenance is very 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, cash flow scenarios and whether temporary or permanent spousal maintenance is appropriate under the given facts of the case.

During Divorce, it is important to work with an experienced attorney who specializes in Divorce and Family Law and who can properly address financial legal issues during the case, including complex issues such as spousal maintenance, present value analysis of assets (including 401k, 403b, pensions, ESOP, and other retirement accounts), preparation of balance sheets, the discovery of undervalued assets, thorough analysis of Federal, Minnesota, Corporate and Partnership tax returns, analysis of brokerage and financial portfolios, 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 cases 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, Southwest Minneapolis, Hennepin County, Ramsey County, St. Paul, Scott County, Washington County and throughout the Twin Cities.

Published On: September 11, 2013Categories: Family Law Updates

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