Depending on value and equity, the marital homestead is generally one of the largest assets to divide between parties in a Minnesota divorce. Amicable parties may consider selling their home before they are divorced. In general, when selling a joint home, the sale proceeds are divided. The mortgage will be paid-off, real estate or closing
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Minnesota Child Support: Upward or Downward Deviation Factors
Child support involves money given to one parent from the other to help provide and care for a child. Minnesota statutes establish child support obligations with the intent to prevent either parent, or a joint child, from living in poverty. Child support includes a base amount, childcare costs, and costs related to dental and health…
Vocational Assessments in a Minnesota Divorce
When discussing finances in a divorce, income is a key element. When one spouse does not work or is underemployed, establishing a basis for earning potential is crucial. Earning potential involves an income amount that a person could be earning based on a variety of employment factors. Having a vocational assessment completed is a common…
Minnesota Custody Lawyers Best Interest Summary
Hiring the right Minnesota custody lawyers can make all the difference. There is little doubt that child custody disputes are the most complex and emotionally charged facets of a divorce or break up. The resolution of custody issues typically serves as a gateway to resolving the remaining parts of a divorce.
The good news is…
Taxes and Child Custody
After the first of the year, many people will start thinking about their taxes and putting together documentation for their accountants. If you are divorced and have children, this also includes who will claim the children on their income tax return. Your final judgment and decree should outline the specifics regarding joint children and taxes.…
Three Reasons to Update Your Estate Plan
Because your estate plan closely reflects your life, it is necessary to update it accordingly. In fact, many people will update their estate planning documents every five years. This should include a Will, Health Care Directive, and Power of Attorney. A general rule of thumb is when major life events occur, such as having children…
Post-Divorce Checklist
While you may have a signed judgment and decree in hand, your divorce may require follow up work to tie up loose ends and complete the process. Post-divorce, it is important to update insurances, manage financial accounts, update your name and address, renew your estate plan, and create a new financial plan.
Update Insurance
During…
Hiring the Right Divorce Lawyer
Did you know that we are one of the leading family law and divorce attorneys in Minneapolis, MN? The Brown Law Offices, P.A. is a family-owned law firm located 15 northwest of downtown Minneapolis. Our practice is limited to family law, criminal defense and estate planning. Our lawyers have appeared in courtrooms throughout the Twin…
Retirement and Spousal Maintenance
Spousal maintenance (or alimony) can be a temporary or permanent order. A temporary spousal maintenance order outlines the specific obligations for support – such as how many months or years the alimony must be paid. For a permanent spousal maintenance order there are a few reasons that will allow you to modify the award. As…
101 – Tangible Personal Property Lists
Personal property is a common concern for those thinking about estate planning. Many people have specific requests for who should receive items such as heirlooms, collectables, and other tangible property. A Minnesota Tangible Personal Property List is a common legal document used to itemize who receives personal property in the event that you pass…