Minnesota has several common ownership structures for small businesses. Ownership interest defines who owns what portion of the business and how the sharing of profits and responsibilities occurs. Dividing ownership interest can be complex, especially during divorce....
Divorce
6 tips for keeping a family business stable during divorce
Divorce can be a challenging period, especially when the spouses own a family business. One major issue may be how to divide the business. Aside from that is navigating the split while keeping the business afloat. Doing this requires careful planning and strategic...
Is my small business marital property in a Minnesota divorce?
In a Minnesota divorce, what the court constitutes as marital property can significantly impact your financial health after the split. One primary consideration is any small businesses either of you own. Even if you are the only party with ownership, your business...
How school location can play a role in parenting plans
In Minnesota, crafting a parenting plan involves careful consideration of various factors. Among these, the location of the child's school holds major importance. For example, co-parents should try to give their children stability while meeting their educational...
3 complications during a high-asset divorce
Although any divorce has its complexities, those often multiple when it involves a high-asset divorce. From property to trusts and business assets, it means much higher financial stakes for both parties. For couples who cannot come to an agreement, it may create...
When is a modification possible in Minnesota?
Custody and support issues can arise after a Minnesota divorce is complete. Although you might think everything is fine, there may be problems with the practicality of the original orders. After all, situations and circumstances can and do change. To prevent...
When you can modify your child custody and support orders
Navigating the legal process can be stressful, especially when it comes to child custody and support orders. As a parent, your child's well-being is your top priority, and you want to make sure that you have the right arrangement in place. The problem is that...
How to prepare yourself to file for divorce
Divorce signifies a significant life transition, marking the end of one chapter and the beginning of another. It is a complex process that requires thorough preparation, both emotionally and practically. Emotionally, it necessitates an understanding that one's life...
How does domestic violence affect the divorce process?
Safety is always a top priority, both for yourself and for any children in your life. If you are a victim of domestic violence or spousal abuse, then the possibility of divorce is very likely to be on your mind. The question remains as to whether or not the presence...
Can you secretly set aside money in anticipation of divorce?
The divorce process can challenge a separated couple emotionally and financially. One spouse may think about the possibility of divorce long before filing the official paperwork. While planning for certain aspects of your future post-divorce, secretly setting aside...