Posts » Family Law Updates

Top Minnesota Divorce Questions - What is the Initial Case Management Conference (ICMC)?

In Minnesota Divorce cases, the Initial Case Management Conference (ICMC) is typically the first court appearance with a Judge or Referee.  The ICMC is an informal hearing that generally takes place within 30 days of the case filing. The ICMC provides the parties with an opportunity to discuss important topics such as whether a Social and/or Financial Early Neutral Evaluation process would be app… Read More
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Categories: Family Law Updates

Top Minnesota Divorce Issues - How are Assets and Debts Divided During A Divorce?

In Minnesota Divorce cases, the division of Assets and Debts does not need to be mathematically equal, and you are not entitled, under Minnesota law, to “half of your half.”  Minnesota Statute 518.58, subd. 1, states that the District Court is required to make a “just and equitable” division of assets (the same rule applies to the division of marital debts).  See also Lyn… Read More
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Categories: Family Law Updates

Top Questions In Minnesota Divorce - Property Division

In Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and attention to detail; the division of assets does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to one-half of the marital assets.  In many Divorce cases, the parties agree to divide the property and assets equally; however, the division… Read More
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Top Issues - Minnesota Divorce and Spousal Maintenance

Spousal Maintenance (also referred to as “Alimony”) is an area that is frequently misunderstood, and is often litigated.  Equalizing “cash flow” or available income is not required by Minnesota Statue 518.552, as an award of Spousal Maintenance is based on need.   Spousal Maintenance, unlike Child Support, does not provide the parties with a basic formula – or calcu… Read More
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Categories: Family Law Updates

Minnesota Divorce - Top Questions Regarding Asset and Property Division

The division of assets, property and debts during a Minnesota Divorce is a process that requires financial acumen and precise attention to detail. The division does not need to be mathematically equal, only equitable.  Frequently, the parties agree to divide the assets on the balance sheet in a manner that is approximately “equal.”  The use of a CPA, ASA, CDFA,  Actuary or Neutral… Read More
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Categories: Family Law Updates

Minnesota Divorce and Property Division

During a Minnesota Divorce case, the division of assets, property and debts requires financial acumen and attention to detail.  The division of assets during a Divorce does not need to be mathematically equal, only equitable.  In many cases, the parties agree to divide the assets on the balance sheet in a manner that is roughly equal.    When interviewing and choosing a Divorce lawyer, you sh… Read More
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Minnesota Divorce and the Division Of Property - What Are You Entitled To?

During a Minnesota Divorce case, parties frequently have issues regarding the division (and proper valuation) of property and assets.  Minnesota law requires an “equitable division” of assets (and the same applies to debts).  The division is quite often something other than 50:50, and there is no requirement that the division be precisely equal.  In many cases, the parties simply ag… Read More
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Categories: Family Law Updates

Top Divorce-Related Financial Issues in Minnesota

In Minnesota Divorce cases, the division of Assets and Debts is a process that requires substantial financial acumen and attention to detail; the division of Assets during Divorce does not need to be mathematically equal, and you are not necessarily entitled, under Minnesota law, to exactly half of the marital assets.  It is quite common for one spouse to own Assets, Property or Real Estate that… Read More
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Categories: Family Law Updates

Family Court in Minnesota

In Minnesota Family Court, parties address important legal matters such as Divorce, Child Custody, Child Support, Parenting Time, Property Division and Spousal Maintenance (Alimony).  Family Court can be quite complex –  there are numerous Minnesota statutes, rules and procedures that must be followed and adhered to.  For this reason, the selection of an experienced, assertive Family Atto… Read More
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Categories: Family Law Updates

Minnesota Divorce - Non-Marital Financial Tracing

In Minnesota, it is quite common for one spouse to own assets, property or real estate that is non-marital, either in part, or in whole.  If an asset is both marital and non-marital, it is frequently necessary to perform a non-marital tracing of the asset, performed by a Neutral Actuary, CPA, ASA, CDFA, Real Estate Appraiser or similar Financial Professional to determine the marital portion, and… Read More
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Categories: Family Law Updates