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
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
Calculating a farmer’s income for child support or spousal maintenance is often the result of averaging income over several years. This makes sense when a farmer’s income is constantly moving up and down. Over the past few years, averaging the last three to five ...Read More
A question I often receive between March and October every year is how to deal with growing crops in a Minnesota farm divorce.
In Minnesota, the value of the marital assets is determined as of the "valuation date." The valuation date is different in every ...Read More
Farming is not just a business; it is a way of life. Historically, divorce rates for farmers and ranchers in the United States have been well below the average divorce rate for the total population. The reasons are many. Farm families are generally closer ...Read More
Farm divorce cases in Minnesota are extremely complex. In addition to understanding how to equitably divide marital and non-marital assets, Minnesota farm divorce lawyers must understand the farm business, accounting and tax issues, as well as banking and finance principles. Many farm divorces require ...Read More
In Minnesota, divorces involving farms and farming operations can be some of the most complex and difficult matters to resolve. In addition to the emotional issues concerning the family farm or a farming operation that has been in existence for some time, there are ...Read More
Minnesota divorce lawyers are faced with unique and challenging issues when representing farmers in divorce proceedings, especially when dividing up the marital assets and debts.
Particularly important in light of today's farmland prices and other issues contributing to the value of the marital estate, a substantial ...Read More