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Divorce Archives

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.

How to find out if a spouse is hiding assets in divorce

Some soon-to-be ex-spouses in Minnesota may take drastic measures to hide assets in a divorce. While this is usually done to subvert the property division process, following a financial trail can also lead a spouse to the discovery of an affair. This was the case for a woman who found her husband had created a second entity for his New York company in Florida. The company never did business in Florida, but he used the address of the woman with whom he was having the affair as the business address.

Mediation can help people divorce successfully

For many people in Minnesota, the decision to divorce has followed some painful emotional circumstances. People may find themselves arguing frequently, or issues like infidelity or addiction may be affecting the marriage. At the same time, other people grow apart without the same heavy conflicts, although divorce can still be a draining and emotional experience for these couples. Still, many people are wary of ending their marriages because they do not want to experience a lengthy court proceeding and a costly battle over money. While high-profile divorces or representations in fictional media may meet this description, many people divorce each year in a more collaborative manner.

Avoid common mistakes during divorce negotiations

Minnesota residents contemplating a divorce would do well to consider avoiding mistakes that could have a negative impact on their financial situation after the divorce. For example, an individual going through a divorce may feel tempted to share a lot of information about the divorce or about their soon to be ex on social media. Doing this can harm the divorce negotiations.

Why couples divorce

Even though the divorce rate in the United States is falling, divorce still occurs frequently. Couples in Minnesota who are considering getting a divorce may be interested to learn that some reasons for divorce are very common.

Why student couples should consider a prenup

Minnesota students who get married might want to consider creating prenuptial agreements. This may be particularly true for students who are in law or medical school. Even if these students do not yet have assets, they might have significant debt. They may also have a strong likelihood of significant earnings in the future. Both of these things should be taken into consideration when creating a prenup.

Post-divorce life may require new financial pros

For some Minnesota couples, marital arrangements include situations where one spouse is dependent on the other one for financial decisions. Should a marriage come to an end, a dependent former spouse may opt to continue to rely on the same set of professionals that advised their ex. The justification for doing so may be to ease the transition process. However, it can be difficult for newly-single adults to make a clean break while still working with a team they may not have selected or even dealt with personally.

Disparate Levels of Attractiveness Can Spell Marriage Disaster

Like in other parts of the country, marriage in Minnesota is meant to be a lasting and legal bond shared by two people in love. Unfortunately, love and marriage are seldom easy, and in many cases, unforeseen complications can arise that make divorce more likely. For example, Fatherly points out that research has been done into the subject of attractiveness and marriage success. This research suggests that marriages involving men marrying women who are significantly more attractive may result in divorce at a rate higher than the average.

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