In Minnesota, a divorce commences upon service of a Summons and Petition. The Summons includes a "mandatory restraining order," ordering that neither party may dispose of any asset except: (1) for the necessities of life or for the necessary generation of income or preservation of assets; (2) by an agreement in writing; or (3) for retaining counsel to carry on or to contest the divorce. All insurance coverage must be maintained and continued without change in coverage or beneficiary designation. Your family court judge can modify these restraints, but only after a motion is filed.
Business Planning Archives
Minnesota divorce lawyers are faced with unique and challenging issues when representing farmers in divorce proceedings, especially when dividing up the marital assets and debts.
For anyone who owns a business, the topic of what happens to their business upon divorce (especially if it is someone else's divorce) is crucial. Here are some tips and suggestions to help you plan for possibility of divorce, so that you can get back to doing business and save some money (and your sanity) in the event a divorce impacts your business.