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Financial Early Neutral Evaluations in Minnesota
In Hennepin County and elsewhere in Minnesota, a common form of alternative dispute resolution is the Financial Early Neutral Evaluation, or FENE. This is very much like mediation, with the big advantage that the Financial Early Neutral Evaluation evaluator -unlike most mediators -will provide his or her informed view of what a reasonable resolution of your financial issues in the divorce would be. This can be very helpful where one or both parties (or their attorneys) have unrealistic expectations, and could benefit from a neutral third party’s advice.
Approximately half of the evaluators who do Financial Early Neutral Evaluation are accountants. The other half are experienced family law lawyers. I almost always prefer to go with the experienced family law lawyer, who is much more able to explain the likely range of outcomes that a Court would impose. This is far more helpful in reaching settlement than mere number-crunching.
* THE INFORMATION IN THIS ARTICLE IS NOT ADVICE FOR YOUR PARTICULAR CASE. ALSO, THIS INFORMATION APPLIES ONLY TO MINNESOTA LAW, AND NOT TO THE LAW OF ANY OTHER STATE OR COUNTRY.
The non-custodial parent is responsible for paying child support. In Minnesota the amount of child support is based on the non-custodial parent's income and the number of dependent children. A court may adjust the support amount at its discretion. Factors examined for adjustment include: (1) the custodial parent's income and assets, (2) any extraordinary financial needs the child may have, such as medical or educational expenses, (3) the child's standard of living during the parents' marriage and (4) whether the paying parent receives public assistance.
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