One of the biggest costs involved with raising a child is paying for his or her college education. Tackling those costs might be a little more straightforward for married couples than for divorced parents, though. This is why some parents in Minnesota choose to...
High Asset Divorce
Is your business at risk during divorce?
There is nothing quite like the freedom of running your own business in Minnesota. But now that you are thinking about a divorce, everything that you built could be at risk. This means that now is the time to take smart, sensible steps that will preserve your...
Prenuptial agreements can help breadwinning wives
Society is changing, and along with it so are Minnesota families. It is now much more common for wives -- not husbands -- to be the primary breadwinner in their families. These women often bring more assets into their marriages, too. So what can women do to protect...
Communication may be key to amicable divorce
Most married couples do not decide to go their separate ways because they were getting along so well. However, this does not mean that divorce has to be an unnecessarily hard process. Minnesota couples who are committed to things like ongoing communication, honest...
Be cautious of taxes and these marital assets
Even when the process is going well, divorce can be a financially stressful experience. Seemingly small mistakes can significantly impact one’s finances, leading to a less than equitable division of marital assets. Taxes on the future sale or withdrawal of certain...
What you can include in a prenuptial agreement
No matter how confident one may be in his or her relationship, the reality is that following marriage, divorce is always a possibility. Preparing for this possible outcome is sometimes painted as lacking confidence or trust, but it is simply about recognizing that...
Money and its role in gray divorce
More and more adults who are over the age of 50 are deciding that it is time to call it quits on their marriages. But while ending an unhappy relationship can be incredibly rewarding, there are also certain financial pitfalls for which people should watch out. This is...
Business owners do not have to suffer in divorce
It is understandable to feel concerned about one’s financial future when thinking about leaving a spouse. Most people understand that they will lose a portion of their marital assets and may also have to pay support. Business owners in particular know that there is a...
Dealing with complicated marital debts like student loans
Student loans are just another part of life for many working professionals. But while they might not be uncommon, student loans can be confusing to address during divorce. In some situations, Minnesota couples may have to divide student loans like other types of...
Who benefits from a prenuptial agreement?
Going through a divorce is never easy, but it can be especially difficult when there are significant assets involved. A prenuptial agreement is an efficient tool for streamlining the divorce process while also protecting wealth in the process. Unfortunately, prenups...