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Why a Comprehensive Business Valuation is Essential in a Divorce

Posted by Kohlmeyer Hagen Law Office | Finances and Divorce

Small business is at the heart of our economy. The Small Business Administration (SBA)  reports that there are more than 525,000 small companies operating in Minnesota—employing nearly half of the state’s total workforce. For business owners, going through a divorce can be especially challenging. It is imperative that they know how to protect their rights …

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A Guide for Handling Joint Accounts During and After a Divorce in Minnesota

Posted by Kohlmeyer Hagen Law Office | Finances and Divorce

Studies suggest that two-thirds (or more) of married couples primarily use joint financial accounts.  You may have a joint checking account, joint savings account, and/or joint credit cards. One of the more challenging aspects of getting divorced is untangling all of these joint financial accounts. At Kohlmeyer Hagen, Law Office Chtd., we provide solutions-focused family …

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Five Tips to Help You Manage Your Finances Through a Divorce

Posted by Kohlmeyer Hagen Law Office | Finances and Divorce

While thousands of married couples separate every year in Minnesota, a divorce is never easy for the person that is actually going through it. There are undoubtedly many things on your mind—your finances should not take a backseat. It is crucial that you have the knowledge, tools, and resources to protect your financial interests. Here, …

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High Income Divorce in Minnesota: What is Forensic Accounting?

Posted by Kohlmeyer Hagen Law Office | Divorce, Family Law, Finances and Divorce

Divorce is complicated. For high income and high net worth couples, a marital separation can be especially challenging. It is crucial that you are able to get your finances in order. If you own complex assets and/or you believe your spouse may be hiding property, a forensic accounting investigation can help to protect your rights. …

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Is Spousal Support Always Awarded After a Divorce in Minnesota?

Posted by Kohlmeyer Hagen Law Office | Divorce, Finances and Divorce

After a marital separation in Minnesota, the financially disadvantaged partner may be eligible to receive ongoing payments from their former spouse. You may be wondering: Is alimony guaranteed after a divorce in Minnesota? The answer is ‘no’—spousal support will only be granted if certain basic criteria are satisfied. In this article, our Mankato alimony lawyers …

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Dividing Assets in a Minnesota Divorce

Posted by Jason Kohlmeyer | Divorce, Family Law, Finances and Divorce, Mediation

Dividing assets is one of the most important stages of any divorce. Minnesota is a no-fault divorce state, and the courts will seek to establish an equitable division of assets. It is important to note that equitable does not mean even; rather it means the fairest division of assets between the divorcing couple. Factors that …

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Minnesota Spousal Maintenance: Can I Ever Retire?

Posted by Jason Kohlmeyer | Alimony, Divorce, Divorce FAQ, Finances and Divorce

If you divorce and are required to pay spousal support to your ex-husband or ex-wife, the amount of support that you are required to pay is normally based on your income.  If the spousal support is permanent, then the court ordered support requirement can continue on an ongoing basis and you can be required to …

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