In Minnesota, a custody order must establish a child's physical custody and primary residence. But nowhere in Minnesota's family law statutes is the term "primary residence" defined. The primary residence definition is important because under Minnesota Statute Section 518.175, subd. 5(a), a court shall modify a parenting time order if it would serve the best interests of the child only if the modification would not change the child's primary residence.
October 2014 Archives
When a Minnesota business divorce includes an ongoing business as an asset, there are many interesting and complex issues which need to be addressed. Valuing a business is an art, not a science, and there is no precise, perfect method of measuring a business's value. That said, there are various components to a business which may impact value for purposes of divorce. One important factor is whether or not to include "goodwill" and, if so, how much.