Is Minnesota a Community Property State?
A community property state is a state in which the law provides that all marital property is divided equally between spouses during a divorce proceeding. This means, in effect, that
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Innocent Spouse Relief: What to Do If Your Spouse Has Tax Debt
I was recently contacted by Ms. Claudia Revermann with Lucent Tax Relief with a request to be a guest blogger on our website in order to assist current and future clients
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Should you use a Neutral Financial Expert or your own Expert in your Minnesota Divorce?
Financial experts can be very useful in Minnesota divorce proceedings, especially when there are non-marital claims or complicated financial assets. After deciding to use a financial expert, there is also
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What Factors are Considered when Valuing a Business for a Minnesota Divorce Proceeding?
If you or your spouse own a business, that business will most likely need to be valued for property division purposes in connection with your Minnesota divorce proceeding. Often, the
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What is a Property Equalizer?
Under Minnesota law, property division is based on a just and equitable division of assets and liabilities between two spouses. In short, the property “equalizer” payment is what one spouse
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Financial Missteps During the Minnesota Divorce Process
Many individuals become so focused on short-term goals and finalizing their divorce, that they may make financial decisions that negatively impact them in the long-term. Below are some financial missteps
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Understanding the Implications of Dividing Retirement Assets in a Minnesota Divorce
For many divorcing couples in Minnesota, retirement assets represent the most valuable assets owned by the parties. In other words, most of the parties’ money is located in retirement accounts.
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Can A Financial Expert Be Beneficial for My Minnesota Divorce?
Even if you think that your estate is relatively straightforward, your divorce proceeding could likely benefit from the services of one of the following financial experts. Forensic Accountant If you
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How Owning A Business Impacts Your Minnesota Divorce
Property is divided in a Minnesota divorce proceeding based on a ‘just and equitable’ division of assets and debts. While this division is not necessarily an equal division of assets,
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