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.
Equitable distribution in Minnesota
For Minnesota residents who are about to enter into a divorce, there are many questions that may weigh heavy on their minds. For some, it is important that they obtain spousal support, so that they can continue to enjoy the same quality of life they were accustomed to before giving up a career to raise the family. For others, it may be important to ensure that child custody cases play out a certain way so that the best interests of the child are protected.
Prenuptial agreements can be difficult
Minnesota residents may remember a recent blog in which the ways prenuptial agreements can help were discussed. However, as with anything in life, nothing is ever truly all positive. Prenuptial agreements, like anything else, can have their downsides. Of course, there are many ways in which prenuptial agreements can offer valuable protections for soon to be married couples who want to protect their assets. But sometimes, couples may want to look at the potential cons before signing an agreement.
Who is entitled to spousal support?
Divorce involves many different elements and every divorce case is different. Minnesota residents who are going through a divorce have a lot to think about. After all, life before and after divorce can look very different. Sometimes, it can be an adjustment returning to life as a single person. Plus, there are many other day-to-day changes that can take a while to get used to.
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.
Types of child custody in Minnesota
When it comes to divorce in Minnesota, there are many issues that may weigh heavy on the minds of separating spouses. Property division issues, such as who will get to keep the house, car or cabin, can play a big role. Alimony can also be another source of contention with regards to whether or not alimony is appropriate, and how much is owed. But of all the divorce issues divorcing parents face, those involving children are usually the most important.
