Restricted stock and stock options, often a valuable component of corporate compensation packages, create a challenge when dividing assets in a divorce. These assets, which are becoming a common incentive to lure and retain employees, give the employee spouse the right to buy stock in their company at a set price, at a future date. […]
Blog #76: Diamonds are Forever… Or Are They?
Written by: Dan O’Connell and Lindsey O’Connell Q: What Happens to the Rings When the Relationship Doesn’t Last? A: I once had a client who received a wedding ring from her fiancé when they got engaged. She later found out that he was a fraud. It turns out he had lied to her about many important, material facts […]
Blog #68: Affairs and Dissipation Claims
Q: I just found out my spouse is having an affair. I also found out that my spouse has used our money to support the affair in the form of gifts, dates, and so on. My spouse says he wants a divorce. What can be done about the money that has been spent on the […]
Q&A Blog #48 – How is a business valued for the purposes of a divorce?
By: Letty M-S Van Ert Q: I am a business owner. I am now getting a divorce. Is my business an asset that has to be valued for the divorce? How is a business valued for purposes of a divorce? A: Generally yes, a business is an asset that must be valued during […]
Q&A Blog #42 – How does Minnesota law treat taxable retirement assets with regard to a divorce settlement?
Q: How does Minnesota law treat taxable retirement assets with regard to a divorce settlement?
A: The Minnesota Supreme Court answered this question in the case of Maurer v. Maurer, 623 N.W.2d 604 (Minn. 2001). In that case, a husband and wife
Family Law Q&A Blog #14 – Is Minnesota a community property or non-community property state?
Q: What is the difference between a community property state and a non-community property state? What is the impact on a divorce?
Family Law Q&A Blog #13 – What is the difference between marital property and nonmarital property?
Q: What is the difference between marital and nonmarital property? What is the impact on a divorce?
A: In Minnesota, all property acquired by either spouse during the marriage is