Deciding how to divide assets and debts during a divorce is challenging. However, things are even more difficult if the couple owns a business together. The couple needs to decide how to divide the business, and there are generally three options. How to conduct a...
When can a spouse sell a business before divorce?
As a business owner ending a marriage, you have a lot of questions about how your legal situation affects your company. For instance, does your current spouse have the right to sell your enterprise before you finish divorcing? Chron breaks down rights and rules...
Mediation may be beneficial for high asset divorces
Going to court is not the only way to go through a divorce. For couples that are able to communicate and are willing to negotiate, mediation is a popular way to come to a divorce agreement. Mediation is beneficial for many divorcing couples, and couples that have a...
Could your work schedule affect custody in your upcoming divorce?
Some couples are able to work out a parenting plan or custody arrangement on their own. They then submit their plan to the Minnesota family courts for approval as part of an uncontested divorce filing. Other couples can't find solutions on their own and require the...
Are your retirement assets vulnerable to division in a divorce?
As a responsible professional in Minnesota, you have probably spent much of your adult life putting money aside for your eventual retirement. It can take an entire lifetime of earning wages to cover the costs of medical care and other basic needs for someone after...
Common mistakes associated with the divorce process
When divorce is imminent, it’s critical to learn more about the process, your legal rights and the steps you can take to minimize the impact on your life. While there’s nothing simple about divorce, an understanding of the most common mistakes can help stabilize your...
How to protect your professional business in a Minnesota divorce
Building a business from scratch typically requires financial investment, substantial hard work and sacrifice on the part of the person beginning a company. Whether you have started a local construction firm or run your own successful medical practice, your business...
Protecting your small business during a divorce
Nobody enjoys thinking about the possibility of divorce, especially at the beginning of a marriage. But it’s still an important topic to contemplate – particularly if you’re a small business owner. You’ve poured your heart and soul into your company and would never...
