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December 2013 Archives

Protecting a family business in a divorce

When married couples go through a divorce in Minnesota one of the obligations of the courts is to ensure that there is a proper and fair division of the couple's marital assets. While any given marital asset can be complicated to divide, some of the most complex assets to divide are family-owned business.

Knowledge of marital assets is key to property division

Whenever a couple files for divorce in the state of Minnesota, they must first settle a number of important legal matters. The most common divorce-related legal matters that couples must address include alimony, child support, child custody and property division. Property division or the divorce asset split is often the most difficult and time-consuming aspect that most couples will deal with during their divorce proceedings.

Discharging spousal support in bankruptcy

When couples divorce, it is not uncommon for the spouse with a higher income to pay the other spouse alimony or spousal support. For readers who are unfamiliar with the term, alimony is a financial obligation that a court can require in the divorce decree to help provide assistance to the spouse with lesser means. In Minnesota, the court refers to it as spousal maintenance. While most people are familiar with the basics of spousal maintenance, what some people may not know is that it is not dischargeable in bankruptcy.

Ignoring alimony order can be bad for your pocketbook

Alimony is often a contentious subject in divorce. Nevertheless, if the divorce settlement agreement or court order states that one party is required to pay spousal maintenance to the other party, it is important that the payee comply with the order. Individuals who choose to take the law into their own hands can find themselves in serious trouble. Minnesota readers may find the following blog on modifying alimony awards interesting.

Managing child custody disputes during the holidays

The holidays can be stressful for divorced parents. Even when child custody matters such as legal custody and physical custody have been settled, it is not uncommon for disputes over parenting time and visitation rights to come up. This is especially true during the holiday season when conflict between couples is often heightened. Fortunately, conflict related to child custody can be avoided. Minnesota readers may find the following advice on parenting time planning during the holiday season helpful.