Located in the Linden Hills neighborhood of Minneapolis, attorneys Randall A. Smith and Amber C. Bretl of Lake Harriet Law Office provide outstanding legal representation exclusively in the areas of Divorce and Family Law.
We represent clients in Divorce, Child Custody, Child Support, Parenting Time, Property and Asset Division, Spousal Maintenance (Alimony), Complex Family Law Cases, Family Law Appeals and Antenuptial (Prenuptial) Agreements.
Financial Acumen and Divorce
In Divorce cases, the financial acumen of your law firm is essential, including the ability to properly value Assets (such as Retirement and Brokerage Accounts, Real Estate, Stocks, Pensions and Businesses), to accurately identify and trace Non-Marital Property, to prepare a precise Balance Sheet identifying Assets and Debts and to understand how cash flow and reasonable monthly budgets impact Spousal Maintenance.
The Valuation of Assets and Property
Every asset should be assigned a present value including Retirement Plans (such as a 401k, 403b, Roth, SEP or Traditional IRA or a 457 Plan), Brokerage Accounts, Pensions, Businesses, Intellectual Property, Partnerships and Real Estate. The assistance of a CPA, ASA, Actuary or Real Estate Appraiser can provide valuations for an asset if needed.
Spousal Maintenance (Alimony) in Minnesota
In Minnesota, Spousal Maintenance (Alimony) is based upon need, and the equalization of cash flow (or available income) is not addressed by Minnesota Statue 518.552. The trend over the past five (5) years - especially in the Twin Cities - has been more temporary (also called rehabilitative) spousal maintenance awards, and fewer permanent spousal maintenance awards.
Children and Divorce
In contested cases involving Child Custody or Parenting Time, a Social Early Neutral Evaluation (SENE) or Custody and Parenting Time Evaluation may be conducted to determine what is in the best interests of the minor children; the assistance of a Psychologist or Social Worker is common in High Conflict cases. Children should not be exposed to conflict during a Divorce or Family Law case.
We provide Alternative Dispute Resolution options including Family Mediation, Social Early Neutral Evaluations and Financial Early Neutral Evaluations. Mr. Smith and Ms. Bretl are both Minnesota Rule 114 Qualified Neutrals/Mediators.
Lake Harriet Law Office represents Divorce and Family Law clients in Minneapolis, Edina, Golden Valley, Hopkins, Minnetonka, St. Paul, Hennepin County, Ramsey County, Sherburne County, Anoka County, Scott County, Washington County and Wright County.