Clausen & Hassan  |  August 16, 2018

Self-Employment Income and Minnesota Child Support

Under Minnesota law, for child support purposes, self-employment income is defined as: “gross receipts minus costs of goods sold minus ordinary and necessary expenses required for self-employment of business operation.”
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Clausen & Hassan  |  August 9, 2018

What Factors are Considered when Valuing a Business for a Minnesota Divorce Proceeding?

If you or your spouse own a business, that business will most likely need to be valued for property division purposes in connection with your Minnesota divorce proceeding. Often, the
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Clausen & Hassan  |  June 14, 2018

Parenting Consultant: What Term Length Is Best For Your Minnesota Case?

The most notable characteristic of a parenting consultant is that the relationship is created by a contract between the parties. This contract typically selects a professional, outlines his/her authority, and
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Clausen & Hassan  |  June 7, 2018

What is a Property Equalizer?

Under Minnesota law, property division is based on a just and equitable division of assets and liabilities between two spouses. In short, the property “equalizer” payment is what one spouse
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Clausen & Hassan  |  May 31, 2018

Financial Missteps During the Minnesota Divorce Process

Many individuals become so focused on short-term goals and finalizing their divorce, that they may make financial decisions that negatively impact them in the long-term. Below are some financial missteps
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Clausen & Hassan  |  May 24, 2018

Understanding the Implications of Dividing Retirement Assets in a Minnesota Divorce

For many divorcing couples in Minnesota, retirement assets represent the most valuable assets owned by the parties. In other words, most of the parties’ money is located in retirement accounts.
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Clausen & Hassan  |  May 21, 2018

What is a “Gray Divorce”?

The term “Gray Divorce” commonly refers to couples who decide to pursue a divorce after age fifty (50). There has been a rise in these later in life divorces since
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Clausen & Hassan  |  May 17, 2018

Can A Financial Expert Be Beneficial for My Minnesota Divorce?

Even if you think that your estate is relatively straightforward, your divorce proceeding could likely benefit from the services of one of the following financial experts. Forensic Accountant If you
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Clausen & Hassan  |  May 10, 2018

Can One Parent Be Obligated to Pay for College Expenses for Emancipated Children?

With the rise in college tuition expenses and student loan debt, many parents have discussed their ability and desire to pay for the college expenses of emancipated children. However, in
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