Going through a divorce in Minnesota is difficult enough, but add a business to the mix, and you may struggle significantly with everyone on your plate. One of the things that will be required is having the business officially valued. This is needed if your business...
Divorce
Divorce: What happens to retirement accounts?
There's no doubt that divorce in Minnesota can bring on some of the most challenging financial times of a person's life. Even if there aren't any major expenses involved, you will likely need to deal with the division of assets. One of the most asked about assets...
Filing for divorce: How to serve legal papers
Unfortunately, not all marriages in Minnesota are going to make it. In fact, the national rate of divorce is hovering around the 40% mark. This has led to many couples searching for answers as to how to notify their spouses that they want a divorce. This is extremely...
Common divorce myths
Couples who are divorcing in Minnesota or other U.S. states may have to deal with many difficulties ranging from emotional to financial. Navigating the division of marital property, child custody agreements and other matters can seem daunting. If you're going through...
What are some of the challenges of grey divorce in Minnesota?
While divorces between elderly couples used to be rare, the amount of "grey divorces" has skyrocketed in recent years. Divorce is a challenge at any age, but getting divorced after being married for decades presents a unique set of challenges. At this age, most people...
Why a buy-sell agreement is essential with a business partnership
Business partnerships are an excellent method of increasing the size and cash flow of a Minnesota company. They can help growth in the short term, and they often provide additional intrinsic company value. However, the value of the company can be a real issue when a...
Do you need a financial expert evaluating your marital property?
In a Minnesota divorce, there are often many details to be worked out and agreed upon before the separation moves forward. One of the most important and often contentious elements of a divorce is the division of marital property. Disagreements can occur regarding...
Why more people are signing prenuptial agreements
Couples who are getting married should want to stay out of Minnesota courts in the event that their marriage does not succeed. They can minimize the chances that they end up in costly and bitter litigation by negotiating and signing a prenuptial agreement. This can...
When should a divorce case go to trial?
Sometimes, divorce can be tricky when it comes to assets or visitation rights. An ex-spouse may want more assets, or the non-custodial parent may feel that the child custody arrangement is unfair. The other spouse must decide whether to go to court over these matters....
Social Security benefits and divorce
Minnesota residents may understand that they could receive additional Social Security benefits from their spouse's employment tax record, but few realize that it is not a requirement for an ex-spouse to be retired or disabled for the benefits to apply. The...