The increased rate of divorce among couples over the age of 50 has been well-documented. Research has pointed to many potential reasons for this rise, all of them legitimate. People are living longer and may feel emboldened to start a new chapter at any age. Partners...
Divorce & Child Custody: Fact Vs. Fiction
Divorce and child custody can be complicated legal issues. What you hear from friends or on the internet may not always be true, and entering into a divorce with the wrong expectations can possibly make things more difficult for you down the road. While you aren't...
Study finds shift in reasons for divorce
Some people might assume that couples in Minnesota and around the country divorce for reasons such as infidelity or substance abuse, but a study that appeared in the Journal of Sex & Marital Therapy suggests that this is not the case. More than 2,300 people...
Prenuptial agreements are critical when a business is at stake
For people in Minnesota planning a wedding, there are aspects that might not be joyous and can spur outright disagreement. One such issue is a prenuptial agreement. However, as hard as it can be to ask a future husband or wife to sign such a document, those who own...
Financial pitfalls for older adults in a divorce
When spouses over age 50 get a divorce in Minnesota, they may face additional financial and emotional struggles. Since 1990, the divorce rate for this age group has doubled. Thus, more and more people are being forced to recover from a so-called "gray divorce."For...
Weddings causing debt often lead to divorce
A recent survey from a major insurance company found that about 45% of couples fall into debt to cover wedding costs. It also found that about half of the studied couples, who were aged 18 to 53, considered getting a divorce because of this debt. Research showed that...
Why everyone should consider a prenuptial agreement
While many couples who create prenuptial agreements have wealth, anyone can benefit from such an arrangement. In many cases, it can help Minnesota residents keep the cost of their divorce to a minimum, and this is important because the divorce itself can cost more...
Student loans during a divorce: Separate or joint?
Student loan debt is a significant financial issue for many people in Minnesota, one reason why it has become a major part of the national political debates. When people decide to divorce, they may face additional financial stress, especially as these effects of the...
Dealing with student loan debt during a divorce
Student loans are a major burden for many people in Minnesota, especially as the cost of attending university has gone up dramatically across the country. With student loans forming such a significant portion of many people's debt, they may wonder how their loans will...
Planning for retirement after “gray divorce”
An increasing number of Americans in Minnesota and across the country are choosing to divorce at an older age. Often called "gray divorce," more people are divorcing over the age of 50 than at any time in the past. These divorces come with unique challenges,...
