Few events can set a business back as quickly as a divorce involving one if it owners. Whether the business is a farm, manufacturing company, medical or dental practice, or other professional practice or business, a divorce and efforts related to getting the parties ...Read More
Recently, the Minnesota Court of Appeals had the opportunity to address the amount of discretion trial judges have in setting child support for Minnesota parents, specifically when determining child support for a self-employed individual.
Judges first calculate child support based on the presumptive guidelines that ...Read More
In Minnesota, a custody order must establish a child's physical custody and primary residence. But nowhere in Minnesota's family law statutes is the term "primary residence" defined. The primary residence definition is important because under Minnesota Statute Section 518.175, subd. 5(a), a ...Read More
When a Minnesota business divorce includes an ongoing business as an asset, there are many interesting and complex issues which need to be addressed. Valuing a business is an art, not a science, and there is no precise, perfect method of measuring a business's ...Read More
In Minnesota, trusts are often overlooked assets in divorces. A trust could either be set up by the parties themselves before or during the marriage or set up by someone else for the benefit of one or both of the parties.
Just because an asset ...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