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Minneapolis Family Law Blog

Divorce focus: valuing and dividing a family business

If you're a Minnesota resident eyeing the valuation and division of a family business in the divorce process, you've obviously got a lot on your mind.

Unquestionably, you -- perhaps along with your soon-to-be ex -- worked long and hard to create your business.

Identifying, taking action to stop dissipation of marital assets

Experienced Minnesota family law attorneys who have spent years working closely with diverse clients in divorce matters know intimately well from their long-tenured work that divorcing couples don't routinely act in a dispassionate and rational manner.

Put another way: Although many individuals do follow the guideposts of logic and basic civility as they go through the divorce process, feelings of persistent anger, greed and a desire to punish predominate for some others.

Existing parenting time/visitation orders: Are they immutable?

Perhaps you and your ex-spouse quickly and amicably agreed to child-related matters -- centrally custody and parenting time (often called visitation) -- during your divorce proceedings.

But then again, perhaps not. For many divorcing couples in Minnesota and elsewhere, child-centric issues reign supreme in the divorce process and can be more than a bit problematic.

The "amicable" divorce: Is such a thing routinely available?

Although it certainly sounds nice (as well as being an optimal outcome in any marital dissolution), the answer to the above-posed headline query in today's blog post basically answers itself, given the unique considerations that exist in every divorce.

And that answer is this, straight and simple: No.

Finances not the end-all in a divorce, but they are certainly key

A divorce commentator in a recent Forbes article duly notes that, while "money is only a part of the overall equation" operative during the divorce process and following dissolution, it is certainly on the "A" list of top considerations.

We all know that, of course. Children in divorcing families are immeasurably valuable, and have continuing needs related to socialization, schooling, health and other matters. Incoming bills do not disappear once the ink dries on a divorce decree. Contingencies pop up. The need to plan persists.

Changing demographics: implications for divorce asset division

This blog post is about interesting information on the so-called "new rising class" and the implications for divorce cases. It is probably fairly safe to say that any reader of today's entry is not one of the reportedly 492 billionaires living in the United States. That wealth threshold spells the tiniest gateway through which, collectively considered, an infinitesimal number of uber-rich Americans squeeze through.

Below that most exclusive entryway, though, a far higher number of Americans have (as noted in a recent report from Penta magazine, a publication devoted to wealth-related subject matter) "surged ahead with a caffeinated velocity."

Focus on financially independent women contemplating divorce

Here is a central bottom line embraced by a family law columnist recently in a nationally penned article focused upon high-earning women who are considering a divorce: Get legal help.

Of course, that advice reasonably applies to any individual seeking to terminate a marriage (both men and women, and regardless of financial status), but Jeffrey Landers -- who often speaks to women's financial and family law issues -- believes that it is especially relevant for women "who have substantial incomes and assets of their own, possibly even much more than their husbands."

Instructive qualities in Pitt/Jolie divorce? Perhaps.

It might seem a bit cynical to note, but media masters of course love the recent tidbits flowing out in the spiking chatter surrounding the entertainment super couple often termed "Brangelina."

Stories spotlighting globally known icons sell, and the presently ongoing cascade of information regarding the recent Brad Pitt/Angelina Jolie divorce likely equates to manna from heaven for tabloids and talk show hosts.

Why you need a good attorney in a high-asset divorce

A legal commentator in a CNN article written some time ago points to a number of material -- and recurrent -- mistakes he has seen committed by impending ex-partners in high-asset divorce cases. He notes that "almost all of [them] can be prevented with good legal counsel."

Although it might reasonably be assumed that any family law practitioner will readily endorse a divorce game plan that centrally features the timely and knowledgeable advice of a proven attorney, there are strong -- even compelling -- reasons for pushing that point, especially in a divorce where marital wealth is prominently on display.

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