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November 2013 Archives

Wendi Deng and Rupert Murdoch settle divorce amicably

In some situations, a high-asset divorce with complex asset division can be downright difficult. Fortunately, it is possible for high-asset couples to reach an amicable divorce settlement agreement, no matter how much money or property is at stake in the divorce asset split. Minnesota readers may be interested in the recent divorce between billionaire media mogul Rupert Murdoch and ex-wife Wendi Deng Murdoch.

Father's rights and changing trends in custody

When parents divorce child custody is usually a central issue. In every child custody case, the court must assign both physical custody rights and legal custody rights. In most child custody cases, parents receive joint legal custody of their children. This means that both parents have a voice over how a child is raised. Physical custody, however, is generally assigned to one parent, while the other parent receives visitation rights.

Drafting a prenuptial agreement for a high-asset divorce

Minnesota readers probably have some general perceptions and opinions of prenuptial agreements but what readers may not have necessarily understand is the delicate nature of drafting a good prenuptial agreement. The effect of a poorly drafted prenuptial agreement can be devastating, going so far as to leave the prenuptial invalid. There are key elements to consider when drafting a prenuptial agreement in order to ensure the protection of assets and parties in a high-asset divorce.

Minnesota business helps parents collect child support

When parents divorce one parent is generally identified as the custodial parent. The custodial parent is the parent with physical custody or more allocated parenting time. The non-custodial parent is usually granted visitation rights and is also the parent that pays child support. In most states, if a parent fails to make a support payment the other parent can seek help in court. A Minnesota company, however, is providing parents with a new method.

Protecting wealth in a high-asset divorce

When wealthy couples divorce, the legal proceedings can be trying. This has little to do with the state of the relationship but the difficulty that comes with complex asset division. Larger estates and more wealth may mean there is more to divide, which can be tricky. But dividing property in small estate can still present some complications