It is estimated that in the United States over the next 20 years more than $50 trillion in wealth will transfer from the Baby Boomers to Generation X and the Millennials. That is a lot of money. This Great Wealth Transfer is not going ...Read More
While it has always been important to review and revise your estate plan when going through divorce, a recent Minnesota Court of Appeals decision, filed on May 23, 2022, makes doing so all the more necessary.
In the Matter of the Estate of Mathew Joseph ...Read More
One of the most challenging concepts for many family law attorneys (and even some business valuation experts) is the “double dip.” The double dip issue arises in many divorces involving farms or small businesses and can have a substantial impact on the bottom line ...Read More
On May 26, 2021, the Minnesota Supreme Court filed its decision in Honke v. Honke. In that case, ex-wife received post-divorce cash gifts from her parents of $500,000.00 during the time she was also receiving spousal maintenance from her ex-husband.
Ex-husband asked the trial court ...Read More
When Minnesota farmers divorce, often there are insufficient liquid assets to allow the non-farming spouse to be immediately paid in full for his or her fair share of the marital estate. When that happens, the non-farming spouse is often paid over a period of ...Read More
The Minnesota Health Department reported on Monday, March 23 that there are now 235 confirmed cases of COVID-19 in Minnesota. Schools have been closed, businesses have shut down, and there seem to be new developments to the crisis every day. If you are a ...Read More
If you and your spouse own iPhones, you might also share an Apple ID. An Apple ID is a username and password combination that syncs to iCloud and allows you to access your settings, photos, messages, etc. across multiple devices. Often times couples will ...Read More
Minnesota has two statutes that seemingly set the standard for courts to decide whether to modify an order for parenting time. Minnesota Statute Section 518.175 governs parenting time, and subdivision 5(b) provides that the court shall modify parenting time if the modification would not ...Read More
As I write this in December 2018, the news is being flooded with articles on farm bankruptcies and the looming crisis for farmers and their lenders due to various economic situations outside of each farmer’s control. Farm divorces are estimated to increase.
For anyone who ...Read More
It has been more than ten years since the Minnesota Supreme Court decided a case which addressed antenuptial agreements in a significant way. This May, in Kremer v. Kremer, the Supreme Court further clarified the standards which apply to antenuptial agreements which address both ...Read More