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Divorce Archives

Women must consider their financial future when they divorce

For Minnesotans going through a divorce, it will inevitably be a difficult time, with many factors coming to the forefront as they try to adapt. One issue that is worrisome for women is the way their budgets will change after the case is complete. This must be considered during the process so it is addressed and there is preparation for the future.

Understanding the types of alimony available through divorce

When Minnesota couples marry, they tend not to consider the possibility of the union ending in divorce. Yet, no matter the length of the marriage, if it is clear that a marriage is no longer working, divorce is likely the best option to take if the relationship is unsalvageable. While this means taking the time to consider any and all divorce issues, one thing tends to stand out for most spouses: finances. Ensuring that one's post-divorce finances are in check is essential when moving forward with dissolution, which is why some spouses request alimony during the divorce process.

Avoiding financial mistakes during a high asset divorce

The end of a marriage can be a rough time for any couple. This can be especially true for wealthy couples A high asset divorce often means taking the time to assess all personal and marital assets and property. This can be a complex process, and if a prenuptial or postnuptial agreement is not in place, it could be a lengthy property division procedure as many couples dispute over who gets what.

Should you seek alimony to get back at your ex?

Divorce can cause many concerns. One major apprehension is how an individual will be able to transition from his or her married life to a single life. This is not only an emotional and social challenge, but it can also be a financial hardship. If one spouse did not work during the marriage because they acted as the primary caregiver for the couple's child, or they earned less than the other spouse, it is likely that they will seek spousal support. Alimony can be a very beneficial resource, helping the recipient meet his or her financial needs post-divorce.

How is a 401(k) plan divided through divorce?

The divorce process has the tendency to cause disputes to erupt. It is often difficult to sort through all the assets and property that are included in a marriage, but divorcing couples in Minnesota and elsewhere can take the time to ensure that they are leaving the marriage with what is rightfully theirs. This includes retirement assets.

Money disagreements can lead to a difficult divorce

Money can create incredible pressure on the partners of a marriage. In fact, disputes over money can become so significant that they can contribute to the demise of the couple's marriage. In Minnesota and jurisdictions all throughout the nation, there are some important steps that couples planning to end their marriages can take to ensure their money disputes do not dominate their divorce.

Cohabitation can affect spousal support in Minnesota

In the past, this blog has discussed what factors a Minnesota court may consider when awarding alimony. However, a law that took effect on August 1, 2016 may limit the circumstances in which an ex-spouse can receive spousal support if he or she cohabitates with another adult.

What are some forms involved in a Minnesota divorce?

Minnesota residents seeking a divorce may want the whole process over with as soon as possible, so they can move on with their lives. However, it is important to keep in mind that there are lot of steps in the divorce process that must be completed before the divorce can be finalized.

What factors may Minnesota courts consider when awarding alimony?

One hotly contested issue in many Minnesota divorces is that of spousal support -- also referred to as alimony. Some spouses may feel they shouldn't have to pay alimony, but other spouses may feel that such payments are necessary for them to get by financially. Fortunately, Minnesota statutes address the issue of alimony in a divorce.

52.7 percent of marriages will end in divorce, study says

Many couples in Minnesota may wed with the idea that they will be with their partner until death. However, many factors can change an individual's life until they find that staying married with their partner is simply no longer feasible. In fact, the popular notion that about half of all marriages end in divorce has seen some recent support, at least according to one recent survey. Data from a survey preformed at the University of Maryland reports that, if current trends stay the same, 52.7 percent of marriages will end in divorce.

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