Whether it is the result of a desire to make change or simply to postpone tax consequences, divorce is particularly popular in the month of January. Regardless of why a couple decides to end a marriage, the fact is that divorce can be a long process, especially for high-asset couples with complex asset division. The following is some advice for Minnesota couples considering filing for a divorce. If nothing else, it might help some couples begin to prepare.
There are a number of things that couples can do long before the divorce papers are ever prepared. At the top of the list is learning as much as possible about the family finances. This is especially true in the case of a high asset divorce with extensive marital property. Trying to obtain an accurate accounting of the finances, including retirement plans, savings accounts, business assets, investments and real estate valuation, is vital to a fair divorce outcome.
Another critical consideration for couples with children involves custody arrangements. If it is possible, couples should come to an amicable agreement regarding child custody issues. This is not only important for the parents, but for the children as well. It is also vital to remember that the court views child custody issues from the perspective of the best interest of the child, not the parents. This is important to keep in mind throughout custody disputes.
Even when property and custody issues appear to have been resolved, it is usually a good idea to contact a family law attorney. For some couples, these issues may be too complicated to address without assistance. In challenging cases, it may be best to contact counsel immediately. The hardest step in any divorce is deciding to begin, but an experienced family law attorney can help Minnesotans through each step of the process.
WXYZ, "January has long been a popular month for divorce filings," Lucy Carmel, January 04, 2013
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