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March 2019 Archives

Taxes, Social Security and other late-life divorce issues

You might be one of many people in Minnesota or beyond who stayed in a struggling marriage for decades for any number of reasons. Perhaps, you wanted your children to grow to adulthood with both parents under one roof. Maybe you just kept hoping things would get better between you and your spouse of many years.

How cryptocurrencies can complicate a divorce

As divorced couples in Minnesota may have experienced firsthand, the process of dividing assets is a difficult one that tends to be contentious. The appearance of cryptocurrencies on the financial scene has only made the whole process all the more difficult, especially since many family law lawyers have little experience with this digital asset.

Post-divorce taxes and dependents

Parents in Minnesota may already realize the significant financial benefits of claiming children as dependents on tax returns. In addition to being able to file as Head of Household, parents who claim their kids as dependents may also claim credits such as the Earned Income Tax Credit, Child Tax Credit and Child and Dependent Care Tax Credit.

Direct communication may ease divorce woes for kids

Parents in Minnesota have some valid reasons to be concerned about direct forms of communication like texting and social media. However, a new study suggests such technology may actually help kids feel loved and supported when one parent no longer lives in the same home. It has long been asserted that kids cope better with divorce when divorcing parents get along, but researchers came to a different conclusion.

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