I Am Going Through A Divorce In Minnesota, Should I Stop Contributing To My 401K Plan Or Retirement Account?
This may not be the ideal answer, but it is a true one: it depends. In general, however, you should continue to contribute the same amount and the same percentage
Read More
What Do I Do If Find Hidden Marital Assets After My Divorce Is Final?
Parties to a divorce proceeding are ordered to provide full disclosure of property and assets to each other. If a divorcing spouse does not fully disclose his or her financial
Read More
Early Retirement Account Withdrawal
Generally, withdrawal of funds in your Traditional Individual Retirement Account (IRA) prior to age 59 ½ are called ‘premature’ and subject to an early withdrawal penalty of 10% unless an
Read More
My Ex-Spouse Got the House in Our Minnesota Divorce, am I Still Responsible for the Mortgage?
If your name was included on the original home mortgage, and you signed the loan agreement, you remain accountable for the payment of the loan even if your ex-spouse got
Read More
Negative Equity of Marital Homestead in a Minnesota Divorce
Most divorce cases involve a marital homestead (the home where both the husband and wife live and own). Given the recent several years which have seen the housing market plunge
Read More
Property Division Factors in Minnesota Divorce
As referenced in our other article, according to Minn. Stat. §518.58, Minnesota Courts are supposed to make a "just and equitable division of the marital property without regard to marital
Read More
How can divorce affect retirement accounts?
After the divorce process has started, most people only think about a few assets that will be divided between the spouses once the divorce is finalized. This usually includes the
Read More
Who is Entitled to the Engagement Ring?
The ownership of an engagement ring depends upon whether an engagement is followed by a wedding. Whatever happens, the ring will be non-marital property. Termination of Engagement In Benassi v. Back &
Read More
Determining Income of the Self-Employed Spouse
Defining the net income of a self-employed spouse is not a simple task. Often, a divorcing party does not report his/her full income when self-employed. Likewise, income tax returns are
Read More
Clear Filters