Chisago County Gray Divorce Attorneys Guiding You Forward
A gray divorce is the ending of a marriage between individuals over the age of 50. These cases often involve complex financial issues. Securing a seasoned Chisago County gray divorce lawyer can help you protect your future and your retirement. Our attorneys at Johnson Brothers Law, who are brothers and Chisago County natives, stand ready to put their more than 40 combined years of experience toward keeping you in a strong and steady position for the years ahead.
Dividing Pensions, 401(k)s And Real Estate In Minnesota After Age 50
When going through a gray divorce, having meticulously crafted strategies for splitting complex property is critical. Common major assets in such cases include pensions, 401(k) accounts and real estate. In addition to ensuring the division of such assets is fair, it is also important to make sure it doesn’t trigger unwelcome tax consequences. Qualified Domestic Relations Orders (QDROs) can help prevent early withdrawal penalties for certain accounts, and real estate divisions can be structured in a way to minimize tax exposure. Our Chisago County gray divorce attorneys can provide you with the tailored property division support you need to protect your financial future.
Spousal Maintenance And Protecting Retirement Income
Another impactful issue common in gray divorces is spousal maintenance, also known as alimony. Alimony is not automatic in Minnesota. Rather, whether it is granted is based on if one spouse needs it and if the other is able to pay it. However, in divorces involving marriages of 20 years or more, there is a rebuttable presumption that indefinite alimony is appropriate.
The calculation of alimony amount is based on several factors. It is important that any alimony arrangement in a gray divorce properly takes into account considerations such as fixed retirement incomes, health care costs and potential Social Security benefits.
Our family law team will carefully analyze your total financial picture to help you seek a workable resolution to spousal maintenance matters.
Effectively Representing You In Local Court Proceedings
Gray divorces in Chisago County typically involve proceedings in the 10th Judicial District Court in Center City. Our local lawyers regularly represent clients before this court. We have an in-depth knowledge of its workings and understand the typical filing timelines. We use these insights to help you move your gray divorce case forward efficiently and explore all available options for achieving your goals, including mediation.
Get Trusted Legal Help For Your Chisago County Gray Divorce
Turn to us for the professional support and local perspective you need. Reach out to our team by phone at 651-400-1392 or by email to arrange a free consultation on your gray divorce case.