It can be nice to dream of a fresh start after a divorce. For some, a new home is part of the future that they envision for themselves after making such significant life changes. However, a divorce can result in significant debt and changes to credit scores....
Divorce
How alimony tax proposal could negatively impact divorces
House republicans have proposed a change to the current spousal support (alimony) laws that affect divorces all over the country. The change would take away the ability for the payee to have the alimony amount deducted from his/her taxes. In addition the recipient...
3 ways to protect finances and credit score during divorce
Although you know divorce significantly impacts various aspects of your life, you may not be considering how it will affect your credit score. On the one hand, getting divorced does not directly reduce your credit score because your creditworthiness is not related to...
You planned for retirement — How do you re-plan after divorce?
The rate of people divorcing over age 50, known as gray divorce, is increasing. This increase may not surprise you, but what may surprise you are the problems that this presents. People who are older usually have more assets to consider during the asset division of...
You planned for retirement — How do you re-plan after divorce?
The rate of people divorcing over age 50, known as gray divorce, is increasing. This increase may not surprise you, but what may surprise you are the problems that this presents. People who are older usually have more assets to consider during the asset division of...
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...
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...
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...
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...
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...