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 Expertise and Divorce
In Divorce cases, financial expertise is essential, including the ability to properly value Assets (such as Retirement and Brokerage Accounts, Real Estate, Stocks, Pensions, Businesses and Collectibles), to accurately identify and trace Non-Marital Property (when applicable), to prepare a precise Balance Sheet identifying Assets and Debts and to understand how cash flow and reasonable monthly budgets impact Spousal Maintenance.
The Division of Assets
Minnesota law requires an "equitable division" of assets (and the same rule applies to debts). This division might be something other than 50:50; there is no statutory requirement that the division be precisely equal (although in many cases, the parties stipulate to a division that is approximately equal). A spouse is not necessarily guaranteed to exactly "half" of the marital estate.
The Use of Experts During Divorce
In Minnesota Divorce cases, the assistance of a CPA, ASA, Financial Planner, Actuary or Real Estate Appraiser can provide the parties with present value calculations for Marital Assets including a 401k, 403b or other Qualified Plan, IRA (Roth or Traditional), 457 Plan, Brokerage Account, Pension, Business, Intellectual Property, S-Corporation, Partnership or Real Estate.
Children and Divorce
In contested cases involving Child Custody or Parenting Time, a Social Early Neutral Evaluation or Custody and Parenting Time Evaluation may be conducted to determine what is in the best interests of the minor child or children; the use of a Therapist, Social Worker or Psychologist is common in High Conflict cases. Children should not be exposed to conflict during a Divorce.
We also provides Alternative Dispute Resolution (ADR) options for Family Law clients including Family Mediation, Social Early Neutral Evaluations and Financial Early Neutral Evaluations.
Lake Harriet Law Office represents Divorce and Family Law clients in Minneapolis, Bloomington, Edina, Golden Valley, Hopkins, Minnetonka, Plymouth, St. Louis Park, St. Paul, Hennepin County, Ramsey County, Anoka County, Scott County, Washington County and Wright County.