Farm families usually intend for the family farm, and the benefits and fruits of the family farm, to pass down to the next generations. Sometimes, however, things do not go as planned.
Divorce is a fact of life. For a farmer, the prospect of cutting ...Read More
In late December 2017, President Donald Trump signed into law the Tax Cuts and Jobs Act of 2017. In addition to modifying the income tax brackets and numerous other tax provisions, the law significantly modified how spousal maintenance (alimony) payments are taxed at the ...Read More
A prenuptial agreement, or antenuptial agreement, is a legal contract entered into by two people before they marry. These agreements can be particularly important for a physician because in the unfortunate event of a future divorce, a prenuptial agreement can be a vital part ...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
In Minnesota, if a divorcing party is able to prove that property is that individual's "non-marital" property (i.e., was brought into the marriage or was a gift or inheritance to one but not both of the parties), that property is typically not subject to ...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