If you are an entrepreneur or business owner, divorce poses additional challenges beyond changing interpersonal relationships. A legal separation inherently involves the division of assets and liabilities that you accumulated as marital property, which might include...
serving St. Cloud, Albany and surrounding areas
Year: 2023
3 possible ways to resolve a business dispute
Business disputes are common in Minnesota, and it is important to have effective methods in place for resolution. There are three common options for addressing conflicts, which include mediation, arbitration and litigation. Each approach has its characteristics and...
Common myths regarding eminent domain
When the government informs you that it needs to take your property for public use under eminent domain, you might feel a mixture of disbelief, confusion and concern. You have heard various things about the process, but how many of those are actually true? Minnesota's...
How does eminent domain work in Minnesota?
Eminent domain is a legal process that allows government entities to acquire private property for public use, provided they provide fair compensation to the property owner. This practice is important to community development and infrastructure improvement, but may not...
Division of retirement accounts during a divorce
KFAN reported the divorce rate in Minnesota at 10.2% in 2023. Residents going through the process may realize one of the toughest aspects is coming to a property division agreement. Part of this is figuring out how to handle retirement accounts. Their division can be...
How the division of motor vehicles works in divorce
One of the major parts of a divorce is separating property. Minnesota uses the concept of equitable division, which is a subjective way to divide assets. If a couple cannot agree, the court will take on division and separate property in a fair manner. When doing so,...
What to look for in your real estate purchase contract
Contracts play an important role in defining expectations and parameters of real estate transactions. A purchase contract governs any real estate property sale and helps both parties understand their roles, rights and responsibilities. Your real estate purchase...
The 3 things that can happen to your lake cabin in divorce
Minnesotans who are lucky enough to own a cabin love to spend as much time there as they can. The fishing, boating, jet skiing and other fun that can be had at the lake create precious memories and are a good way to unwind after a long week at work or school. For many...
What happens with retirement accounts during divorce?
The time may be ripe for you to get a divorce. If so, it helps to realize that all marital property will be subject to division. This includes real estate, furniture, vehicles and stocks. Retirement accounts of all varieties are also marital property. Pensions, IRAs...
Choosing a legal structure for your Minnesota business
When you form your business, the legal structure you select impacts many aspects of your organization, from taxation to liability. As regulations can vary among different states, it is important for you to understand how business structures work in Minnesota. In...