Edina, Minnesota Pre-Divorce Planning Attorney

Tax and Financial Review

The Financial consultation involves advising you on all financial information and documents gathered in Phase I – financials you will need to be on top of going into the divorce process in the future.  The Phase II meeting will focus on:

1. Obtaining Financial Documents.  We will discuss with you how to go about getting the financial records such as bank statements, retirement accounts, investment accounts, life insurance policies, your will and estate plan, real property and credit card statements, as well as the operating and buy-sell agreements from your business or practice.
2. Tax Implications. We will review the tax implications involved in your divorce, particularly if you have an executive compensation plan including stock options, or other complicated financial situations you may be involved in.
3. Non-Marital Assets.  Whether you have received gifts or inheritances or will be receiving gifts and inheritances prior to or during the divorce, we will discuss how to protect your assets, so those that qualify legally remain non-marital assets.  We will also discuss what documents are needed to trace and report your non-marital assets.
4. Real Property Ownership.  We will discuss and advise you on your options regarding any real property you own or rent, as well as that property’s possible disposition.
5. Business Ownership or Partnership.  We will also advise you as to the myriad options and legal instruments available to you, if applicable, to legally safeguard business assets from the divorce, which includes an in-depth review and possible modification to your business ownership or partnership documents. We have attorneys in our office who will work with you to review and update those documents if required.
6. Your Monthly Budget.  We will have you prepare a monthly budget of your expenses.  This will include gathering information to support a realistic monthly budget requirement. We will also discuss the issue of spousal maintenance and whether it would apply to your situation.
7. Experts.  We will discuss the need to consult with other professionals such as vocational assessment experts, financial planners, business valuators, CPAs, bankers, and business or estate planning attorneys.

Custody

In this consultation we focus our discussion on custody and parenting time goals you have including:

1. Custody.  We will discuss the best interest factors for you and your children, custody options and designations, parenting time and schedules.  Beth will provide strategies to gather evidentiary support to argue for the parenting time that is best for you and your children, based on your involvement with your children while married.
2. Custody Evaluation.  We also dive into the purpose and role of the custody evaluator, necessary experience requirements, the pro’s and con’s of attorney and non-attorney custody evaluators, and the estimated costs of their services.
3. Parenting Coach.  We will discuss the purpose of a parenting coach, his/her role, and the cost of a parenting coach. We will determine whether a parenting coach is necessary to retain prior to the dissolution action.

Adverse Tactical Maneuvers and Mental Health

During this consultation session, you are told of the adverse tactical maneuvers of divorce that you may face in the future, such as closed bank accounts and credit cards, or failure to pay familial expenses. We then provide strategies and resources as to how you can minimize the financial and emotional impact of such maneuvers allowing you to effectively continue to work, while trusting your attorney to serve as your advocate.  We will discuss the importance of maintaining your emotional and mental health and provide referrals to therapists if needed.

After each consultation you will be provided tangible documentation outlining the process and/or specific tasks to complete to implement the strategies discussed, or the names and contact information for outside experts to consult.

• Timing – The four-phased process can be implemented in as few as a couple of months.  However, if you are interested in this service, we strongly recommend you begin the process at least one year prior to the possibility of filing for divorce.
• Scope of the Retainer Agreement – The retainer agreement for Pre-Divorce Planning in edina, mn is specific to the actual services described above.  You are under no obligation to hire me if you do decide to file for divorce down the road.  That said, I would welcome the continued opportunity to represent you in your divorce.  Should you decide to retain Gilbert Alden Barbosa for the divorce, you will be asked to execute a new Retainer Agreement covering the divorce proceeding.