In Minnesota divorce, valuing and dividing retirement assets can be complex, and it is important that the QDRO be prepared by a competent, experienced attorney. Call attorney Daniel Fiskum, Esq., and Minnetonka Family Law now for a free divorce case analysis. (952) 270-7700.
Recently I was asked whether re-marriage can affect a person's entitlement to receive retirement assets that were divided pursuant to a Qualified Domestic Relations Order as part of a divorce decree. The answer is "No." Here's the background: in Minnesota, assets acquired during a marriage generally are considered "marital" property. Exceptions include inheritances, gifts made [...]
Like most Minnesotans, whether Republican or Democrat, I do not like to see our state government shut down. I hope our elected representatives do what needs to be done to get our state open for business again. The Minnesota court system will remain open for now. It is possible that some services might be curtailed, [...]
Often people ask me about how to divide retirement assets when they get divorced. As I've mentioned before, Minnesota is a marital property (or common law) divorce state. It is not a community property divorce state. (Most states are community property states. Minnesota is not.) In Minnesota, a division of assets is supposed to be [...]