When older people in Minnesota get a divorce, their focus may be more on dividing retirement savings and other elements related to property division compared to younger couples who might be concerned about child custody. People should be aware that there are a number...
Hiding assets during divorce is both wrong and illegal
Once you decided to divorce, you were hopefully able to set time aside to sit down with your children and talk about the life changes coming their way. The good news in that regard is that kids are typically quite resilient and adaptable barring any extenuating...
How tax reform will change divorce
Minnesota couples who are ending their marriages should be aware of tax issues that may arise. In some areas, tax reform has changed the financial aspect of a divorce.One of the major changes concerns alimony. For divorces finalized after 2018, alimony will no longer...
What business owners should consider during a divorce
When business owners in Minnesota get divorced, dividing company assets can be a challenging process. The initial step in the process is figuring out how much the company is worth. A valuation professional should be granted access to the company's financial records...
Student debt often cited in divorce cases
Higher education costs have risen sharply in Minnesota and around the country in recent years, and student loan debt in the United States has climbed to an all-time high of $1.48 trillion as a result. Figures from the U.S. Federal reserve reveal that students who...
Child support and joint custody: what parents need to know
Child support obligations are usually determined by the regulations found in the Child Support Standards Act, but that all changes with joint custody. When parents share custody of a child, a variety of additional factors will need to be taken into consideration. In...
