Proving a Non-Marital Claim May Not Be As Hard As You Think
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
Buy-Sell Agreements Help Businesses Survive Divorce
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
Divorce Business Valuation: What is Goodwill and Who Gets It?
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
Dividing the Farm: Using Options to Rent and Options to Buy When Farmland Has to be Transferred
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
Spousal Maintenance and the Minnesota High Net Worth Divorce
When most divorces in Minnesota end, neither party is able to maintain the \"marital standard of living.\" This happens because, not surprisingly, most people do not have a lot of money left over after payment of expenses while they are married and that issue ...Read More
What Part of Your Asset is Protected by an Antenuptial Agreement?
In Minnesota, antenuptial agreements (also called \"prenuptial agreements\" or \"preunps\") are useful tools for a number of reasons. One such use is to protect assets acquired before marriage. But depending on the language of the antenuptial agreement, not all of the asset may be ...Read More