According to the Former Spouse Protection Act, or FSPA, former spouses of military service members and retirees do not automatically receive a portion of service members' retirement pay. The laws of the state determine whether retirement pay is classified as marital...
Typically, a retirement account is classified as a joint marital asset that is subject to Minnesota property division laws during a divorce. This is generally true even if the account is held in just one person's name. The process by which such an asset is divided...
Divorce can be a stressful situation for all parties involved. While you may know that when you end your marriage in Minnesota, you divide financial portfolios, boats and bank accounts, there are several other types of assets that you need to consider. There are...
Your business may be one of the many assets that might need to be divided in a divorce. However, there are ways to end a marriage without having to sacrifice your Minnesota company. Let's take a look at some of the most straightforward ways to craft an equitable...
Married couples deal with co-mingled assets frequently. When spouses decide to divorce, many financial issues come up during the settlement talks. Not all financial matters involve investment vehicles or real estate. A Minnesota couple may have concerns about a...
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...
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...
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...
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...
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...
