Minnesota Family Law Blog | Divorce, Child Custody, Domestic ViolenceAlithis Family Law, LLC

How to Divide Property During a Divorce: Asset and Debt Division in Minnesota

Highlights Property division during divorce generally involves three steps: information gathering, negotiations or mediation, and finalization. Information-gathering involves initially listing all of the assets and debts you are aware of,

Why Might My Divorce Need a Balance Sheet: Understanding the Marital Balance Sheet

Highlights Minnesota law calls for a “just and equitable” division of combined property – called a marital estate – during a divorce. Although this is not the same as equal

10 Mistakes to Avoid in a High Asset Divorce

A high asset or a high net worth divorce refers to an estate that involves significant assets, high income/s, and usually meaningful complexity. While there is no single accepted definition

Assets Owned Before Marriage – Fair Game in Divorce? Examples of Non-Marital Property

“I bought my home a few years prior to marriage. We are divorcing in Minnesota after eight years, and only my name is on the title. Does that effect the

Pitfalls of Determining Spousal Maintenance In a High Net Worth Divorce

While wealth brings financial freedom, it can create unusual complexities at the unexpected end of a marriage. When it comes to a high net worth divorce, spousal support payments can

Understanding the Complexities of a High Net Worth Divorce

The divorce process can be intimidating and complex for families of all sizes and financial means. Dividing marital property and other assets during a divorce settlement can require a good

Does Minnesota Have a Spousal Maintenance Calculator?

Highlights Unlike child support, which can be calculated based upon a set formula, there is no single formula or calculation available for determining the appropriateness of a spousal maintenance award

Common Tax Issues in Minnesota Divorce Proceedings

In any divorce proceeding or a post-decree matter in Minnesota, the Court has the ability to address certain tax matters that can have financial implications on parents and families. Tax

Is Minnesota a Community Property State?

Highlights Minnesota is not a community property state. Minnesota law provide for an equitable division of marital property rather than an equal division. The division may be equal, but it