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...
Unfortunately, not all marriages in Minnesota are going to make it. In fact, the national rate of divorce is hovering around the 40% mark. This has led to many couples searching for answers as to how to notify their spouses that they want a divorce. This is extremely...
There are many families who go through child custody battles in the Minnesota area. It is important for all necessary information to be given to the court during these battles, which is why a forensic psychologist becomes so important. How can the forensic...
Child support laws in Minnesota have changed over the past decade. In 2005, a bill was passed that essentially overhauled the existing child support guidelines. Here's what parents should know about the 2005 law that changed child support laws in Minnesota. How did...
When a couple ends a long marriage in Minnesota or any other state, the resulting divorce can have a significant impact on both parties' long-term financial plans and investment strategies. A "gray divorce" comes with its own set of unique financial challenges in...
Couples in Minnesota who are getting a divorce close to or after retirement may have less financial flexibility to weather the loss of assets in divorce. Therefore, it is important for them to go into the divorce with a full understanding of their marital and personal...
