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Posts tagged "Derek Trosvig"

Does Anybody Really Know what Time it Is?

Thumbnail image for Thumbnail image for TAJ Color - small with name.jpgThat's the question Chicago asks in the song of the same name on their classic 1969 debut album, Chicago Transit Authority (here's a link to the original version before it was shortened for radio play). When it comes to the deadlines for bringing legal claims, not knowing the time will indeed give you "time enough to cry." That's because the law sets deadlines, called statutes of limitation, by which legal claims must be pursued. If those deadlines are missed, the claim can no longer be made in court, no matter how strong the facts and law may be to support it.

Divorce and Retirement

Often the largest assets in a marriage are the retirement accounts of one or both spouses. Retirement benefits are subject to division in a divorce. How the retirement benefits are divided depends upon a number of factors, such as whether the retirement benefit was earned or invested during the marriage versus before or after the marriage.

Taking the Good with the Bad: Property Division in Divorce

In a divorce the court will not only divide the marital assets between the spouses (the good), but will also equitably divide the debts and liabilities (the bad). When negotiating a division of debt, it is important to know which spouse is legally liable to the creditor for the debt.

Alimony: Support in times of need

Thumbnail image for Derek Trosvig.jpgSpousal maintenance (commonly referred to as alimony) is an award made during a dissolution of marriage (divorce) or legal separation proceeding whereby one spouse is ordered to pay the other spouse money out of future earnings to assist in providing for his or her needs. Spousal maintenance may be ordered on a permanent or temporary basis.

Stay Away from Me!

Thumbnail image for Greg Donahue.jpgIf someone is harassing you, it is possible to get a "no contact order" that prohibits that person from contacting you or being near you. There are a number of different types of "no contact orders" that a Court can issue. One type is called a Harassment Restra

Property division: Figuring out what is mine, yours and ours

Thumbnail image for Thumbnail image for Thumbnail image for Derek Trosvig.jpgDuring your marriage, you may not have given much time to what assets belong to you, your spouse or both of you. You probably considered everything to be on a big pot that each of you could benefit from while you were together.

Postnuptial agreements may save a struggling marriage

Thumbnail image for Thumbnail image for Thumbnail image for Derek Trosvig.jpgWhen you and your spouse married, the topic of a prenuptial agreement may never have crossed your mind. Maybe you felt you had no reason for such a plan, especially if you had little money and few assets. Perhaps you fully intended to write a prenuptial agreement, but the confusion and stress of planning a wedding put the idea on the back burner until it was too late.

Swenson Lervick Helps Bring MN Supreme Court to Alexandria

Swenson Lervick is happy to have helped bring the Minnesota Supreme Court to Alexandria. The Court was in town on October 4 and 5 as a part of its outreach program designed to not only give students a close look at how the Court works but also to give them a chance to observe the oral arguments in a real case (State of Minnesota v. Heinonen).

Debt and your divorce

Thumbnail image for Thumbnail image for Thumbnail image for Derek Trosvig.jpgIf you and your soon-to-be former spouse are able to have reasonable discussions about the division of your assets as you approach your divorce, you are fortunate. However, there may be something you are overlooking. Just like the assets acquired during your marriage, the debts accumulated from your wedding day forward are marital property, and the court divides them equitably in states like Minnesota.

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