Staying in a marriage that isn't working is hard on the whole family. But, if you're the owner of a small business, choosing to divorce could have serious implications on the welfare of your business and personal finances. Before entering divorce proceedings, it's...
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A childless divorce in Minnesota: What to expect
Marriages can go through strains and pressures no matter what the circumstances. Many people say that their marriage became more challenging once kids were put into the equation. However, many married couples decide to file divorce at a stage in their lives when they...
A Minnesota divorce means splitting up your retirement fund
When you choose to end your marriage through divorce, there are usually financial repercussions to that decision. Typically, you will have to divide income and debts accumulated during your marriage with your spouse. That can mean losing out on half of your assets,...
Trying mediation before divorce in Minnesota
When you and your spouse are thinking about filing for a divorce, it is likely due to issues with your communication in one way or another. When one or both spouses fail to make clear and constructive communication about what they want from their marriage or what they...
Tips for Buying a Home after Divorce
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....
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...
Vital points about paternity and Recognition of Parentage
Paternity in Minnesota is a frequent issue that must be navigated for the good of the parents and the child. One issue that must be understood is 'Recognition of Parentage.' This is a document establishing the legal relationship between a man and his child if he is...
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...