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Divorce Archives

Changing gender roles and divorce

Some men expect to be the financial providers for their families. Therefore, when they make less than their wives, there may be trouble ahead for their relationships. Studies show that this is often true for married couples in Minnesota and throughout the U.S. In some cases, husbands who are not the breadwinners feel as if their wives have more control than they do. A perceived lack of control may be a blow to their egos.

How divorce can affect insurance covrage

Some divorcing couples in Minnesota have to-do lists that include such things as sorting out marital assets and handling any custody issues that may be part of the divorce process. During this stressful time, it's easy to overlook other matters, such as insurance coverage for the family. However, it's still important for separating spouses to be aware of how a change in marital status can affect insurance arrangements.

How to manage credit when a marriage ends

Getting a divorce will not automatically impact a person's credit score, and an individual's gender will not necessarily affect his or her credit score. However, there are ways in which divorce can negatively impact how lenders view a Minnesota resident. In some cases, one party will experience greater credit consequences than the other. When a couple is married, they will likely open joint accounts, such as a mortgage or an auto loan, that will appear on both of their credit reports.

Important things to do after getting divorced in Minnesota

A spouse who files for divorce may want to take the proper steps to ensure that legal documents are drawn up quickly. Prior to receiving a divorce decree, both parties must make various arrangements to divide their assets and make plans for future finances. The issue is more important if child support is a concern.

Spousal support orders in divorce cases

In some Minnesota divorces, spousal support may be an issue. Spousal support, which is commonly called alimony, consists of monthly support payments that are made by a higher-earning spouse to a lower-earning spouse for a period of time after a divorce. It is not ordered in every case.

Dealing with technology during a divorce

People in Minnesota who decide to divorce may find themselves emailing back and forth with their lawyers and discussing the breakup of their marriages using their smartphones, email accounts and other digital devices. Just like with other key events in people's lives, a divorce often sparks a great deal of electronic communication. In addition, it may inspire people to make some changes to their accounts and devices in order to protect their privacy and prepare for the single life to come.

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.

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