Divorce is a life-altering event with both emotional and financial challenges. Like many others, you may feel concerned about safeguarding your retirement assets. Therefore, you should understand the strategies and precautions that you can take to protect your...
Divorce
What does equitable distribution of assets mean?
Divorce is a challenging process, and one of the most critical aspects is the equitable distribution of marital assets. In Minnesota, the legal system strives to ensure fairness when dividing property between spouses. Understanding equitable distribution Minnesota...
3 FAQs about the impact of marital misconduct during a divorce
Regardless of the length of a marriage, people change. Those changes often lead to divorce. Although some marriages survive a marital affair, others simply cannot bounce back. When an affair plays a key role in a divorce, the non-cheating spouse may wonder what effect...
Important financial considerations for gray divorce
With a rise in gray divorce rates, more couples are realizing that they can prioritize happiness even in their later years. Many find that major life changes such as an empty nest or retirement trigger an awareness that the marriage is no longer what they thought it...
Keeping your child’s relationships alive after divorce
When parents think about child custody, what comes to mind first is dividing the time each parent will spend with their child. This goal often takes over and can become the most important consideration for parents when considering child custody. However, your child...
Dangers of using social media during a divorce
How much of your life do you document on social media? If you are like many others, you may even share somewhat intimate or private details with your friends and family members. Unfortunately, your sharing habits may become detrimental during your divorce proceedings....
How does the length of marriage impact divorce?
Some couples might realize soon after marriage that they want a divorce. Those spouses may wonder if the marriage's length affects the outcome of the divorce. In Minnesota, the marriage timeframe may or may not impact some aspects of divorce. Asset division Without a...
What happens to an inheritance during a divorce?
The division of assets can be a challenging step in the divorce process. In general, all assets acquired during a marriage are subject to equitable division during a divorce. Even though an individual spouse may have inherited, whether or not an inheritance is subject...
How you can protect your business from the effects of divorce
Choosing to divorce may be the best way to secure a happy future for both yourself and your spouse, but it comes with many uncertainties. If you are a business owner, for example, the fate of your enterprise may be in question as a result of your divorce. A business...
Beware the penalties that come with hiding assets during divorce
No couple divorces because their relationship remains perfect. Separating spouses often harbor intense feelings of negativity toward one another. Thus, the temptation to harm the other side sometimes proves irresistible. One way they act unethically is by concealing...