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October 2018 Archives

Prenup myths and the truth about pre-marriage agreements

Couples planning to walk down the aisle in Minnesota often have visions of spending a lifetime together. Unfortunately, this isn't always the reality with marriages today, which is why it can be a smart idea for two people planning to legally wed to consider a prenuptial agreement beforehand. Yet some couples avoid discussing a prenup because of lingering misconceptions, such as the belief that such a document is only necessary if one spouse has significant wealth they want to protect. In reality, a prenup can cover all types of marital assets, so disputes can be avoided later.

Personality traits can be predictive of divorce

Most Minnesota couples enter into marriage with optimism about its long-term success but are likely mindful of the conventional wisdom that about one half of all unions ultimately fail. The desire to succeed may not in and of itself be a difference maker, but an awareness of specific personality traits, which may point to a greater probability of a split if left unchecked, could be useful in tilting the odds in favor of longevity.

The new tax laws make divorce even more costly

It may seem counter-intuitive to suggest to a Minnesota couple to plan their divorce, yet like other significant financial events during one's life, understanding the realities and preparation make the split easier for all concerned. The economic burden of establishing two separate households cannot be ignored, and the Trump administration's Tax Cut and Jobs Act passed in 2017 has provisions affecting divorced couples beginning this year.

Possible ways a parent may win back custody of children

Losing custody of a child can be understandably upsetting for any Minnesota parent who has ended a marriage. While it's often the other parent who ends up with custody in situations like this, there are times when a court determines that children will be better cared for by non-parental relatives or the foster care system. Because of the many circumstances that could be involved, winning back custody rights isn't always an easy process. However, there are some ways a parent may be able to convince the court to have a change of heart.

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