Business Planning Archives

Served With (or Serving) Divorce Papers? Time to Review Your Estate Plan

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.

Breaking Up Really is Hard to Do: Protect Your Business From Divorce With Buy-Sell Agreements and Antenuptial Agreements

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. 

Minneapolis Office
Golden Hills Office Center
701 Xenia Avenue S,
Suite 500
Minneapolis, MN 55416
763–225–6000
Map & Directions

Hutchinson Office
16 Washington Avenue
West, Suite 104
Hutchinson, MN 55350
320–234–0757
Map & Directions

Des Moines Office
Bank of America Building
317 Sixth Avenue,
Suite 1400
Des Moines, IA 50309
515–244–6199
Map & Directions

Mankato Office
Landkamer Building
124 E Walnut Street,
Suite 200
Mankato, MN 56001
507–387–1115
Map & Directions

New Ulm Office
2700 South Broadway
New Ulm, MN 56073
507–354–3111
Map & Directions

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