Top Question – Minnesota Divorce and Property Division
During a Minnesota Divorce case, parties frequently have issues regarding the division (and proper valuation) of 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; there is no requirement that the division be precisely equal. [...]
Minnesota Divorce Update – Top Questions Regarding Asset and Debt Division.
In Minnesota Divorce cases, the division of assets and debts is a process that requires financial expertise and significant attention to detail. The division of assets and debts does not need to be mathematically equal, as addressed in Johns v. Johns, 354 N.W.2d 564, 566 (Minn. Ct. App. 1984). However, [...]
Top Questions In Minnesota Divorce – Property Division
Minnesota Divorce and Property DivisionIn 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. [...]
Minnesota Divorce and Spousal Maintenance
In Minnesota Divorce cases, Spousal Maintenance (also referred to as "Alimony") is a topic that is often misunderstood, frequently litigated at the District Court level, and is often appealed to the Minnesota Court Of Appeals. Spousal Maintenance, unlike Child Support, does not provide the parties with a basic formula to [...]
Initial Case Management Conference (ICMC) in Minnesota Family Court
In Divorce and Family law cases throughout the Twin Cities, the Initial Case Management Conference (ICMC) is typically the first court appearance with a Judge. 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 [...]
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. [...]
Minnesota Divorce – Top 5 FENE Issues – Financial
A Financial Early Neutral Evaluation, or FENE, is quite common during a Minnesota Divorce Case. Top issues during a FENE include 1) whether non-marital assets exist and need to be traced 2) the valuation of assets 3) property and asset division 4) spousal maintenance issues 5) debt division. An Actuary, [...]
Top Minnesota Divorce Issues – Property and Asset Division
In Minnesota Divorce cases, an equitable division of assets does not need to be mathematically equal, and you are not necessarily entitled, as a matter of law, to one half of the marital assets (although most family lawyers typically explain asset division to their clients in this manner). In some [...]
Top 3 Financial Issues in Minnesota Divorce
In Minnesota, the 3 most challenging Financial Issues during Divorce are 1) the present value calculation of assets; 2) non-marital claims, and 3) spousal maintenance (alimony). Present value calculations can be difficult, and may require the assistance of a CPA, Actuary or CFP. Pensions, annuities and business valuations are three [...]
Minnesota Divorce – Property Division
In a Divorce case, a just and equitable division of assets does not need to be precisely equal, and you are not entitled, as a matter of law, to "half of your half". In many divorce cases, the parties simply agree to divide the assets equally (although there are many [...]