In a Minnesota divorce, what the court constitutes as marital property can significantly impact your financial health after the split. One primary consideration is any small businesses either of you own. Even if you are the only party with ownership, your business...
The Bowling Green State University reported the U.S. divorce rate in 2021 was 14 per 1,000. That represented almost one million women who left a marriage that year. Many of these incidents included children. Navigating custody and support agreements can be...
In Minnesota, individuals at risk or under threat can seek legal protection through specific court orders. Two commonly sought orders are the Order of Protection and the Restraining Order. While these terms are sometimes used interchangeably in conversation, they have...
Divorce signifies a significant life transition, marking the end of one chapter and the beginning of another. It is a complex process that requires thorough preparation, both emotionally and practically. Emotionally, it necessitates an understanding that one's life...
Nothing is easy about divorce or family separation. If you have children, the challenges can seem overwhelming. Minnesota has specific custody laws for children of divorced or separated parents. This is what you should know. Types of custody Minnesota law...
Disagreements about money are often at the heart of marital strife. A recent survey of certified divorce financial analysts reveals that financial incompatibility is one of the top reasons for ending a marriage. Ironically, money may also be behind the declining...
According to the Former Spouse Protection Act, or FSPA, former spouses of military service members and retirees do not automatically receive a portion of service members' retirement pay. The laws of the state determine whether retirement pay is classified as marital...
Typically, a retirement account is classified as a joint marital asset that is subject to Minnesota property division laws during a divorce. This is generally true even if the account is held in just one person's name. The process by which such an asset is divided...
Married couples deal with co-mingled assets frequently. When spouses decide to divorce, many financial issues come up during the settlement talks. Not all financial matters involve investment vehicles or real estate. A Minnesota couple may have concerns about a...
There's no doubt that divorce in Minnesota can bring on some of the most challenging financial times of a person's life. Even if there aren't any major expenses involved, you will likely need to deal with the division of assets. One of the most asked about assets...
