Mandatory Financial Disclosures

October 8, 2019

During your marriage, you have likely pooled your resources with your spouse to build your future together and try to attain your goals.  Whether your marriage has been just a few months long or you have been married for decades, you and your spouse have likely acquired some marital property.  Minnesota is an “equitable distribution” […]

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Gambling Debt and Divorce

June 13, 2019

The end of a marriage is often one of the most difficult financial times for both parties.  In most cases, spouses have worked together to build financial security, plan for retirement, buy real estate, and other important steps to create a secure future.  During a divorce, the spouses will have to figure out how to […]

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Age Gap and Divorce

June 11, 2019

It is often stated that half of all marriages end in divorce.  Some reasons for divorce may be more common than others, such as adultery, substance abuse, or financial infidelity.  A recent study indicates that an age gap between the parties can also be a strong contributing factor.  If the parties have an age gap […]

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Division of Personal Property

May 20, 2019

There are many decisions that need to be made during a divorce.  You will need to think about what will be done with the marital residence, whether you need to request spousal maintenance, and what custody arrangement would be best for your children.  Dividing your personal property also plays an important role.  Personal property is […]

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Cleaning Out the Bank Accounts, Maxing Out the Credit Cards

May 17, 2019

Divorce is clearly a very emotionally difficult and stressful time.  One of the major contributing factors to the level of stress that you may be feeling in your divorce is the fact that divorce typically puts significant strain on the parties’ finances.  Divorce or even just a separation will mean that you and your spouse […]

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Divorce and Vehicles

May 10, 2019

Every divorce is different, because every family is unique.  However, there are certain issues that every divorce has in common.  One of these is property division.  Minnesota is an “equitable distribution” state, which means that the parties’ marital assets will be equitably distributed.  The Minnesota statues provide a list of factors that the court will […]

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Equitable Distribution and Offsets

March 27, 2019

There are many steps to take when trying to settle a divorce.  The issues range from spousal maintenance to child custody to division of marital assets.  In Minnesota, marital assets and marital debts are subject to an “equitable distribution” by the judge.  The judge will examine a specific list of factors that are set out […]

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Who Gets the Child’s College Fund?

December 7, 2018

Planning for your child’s future is an important and exciting step for a parent.  It is thrilling helping your child to grow and learn.  Saving for their college education is part of what can help make sure that your child’s future is secure.  College is expensive, especially if your child chooses to attend a private […]

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Dividing a Pension

December 6, 2018

During a divorce, the spouses will have to split their assets and debts that were accumulated through the years.  Minnesota is an equitable distribution state, which means that the marital assets and debts will be equitably distributed.  The court will examine a list of factors in deciding who will receive how much of each asset.  […]

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Divorce and Financial Disclosures

December 3, 2018

Divorce is never an easy decision.  After many years building your future with another person, you will now have to separate your social, emotional, and even financial life from your spouse.  This can take time, and especially where the marriage has been going on for a long time, can be complicated.  There will be many […]

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