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Posts tagged "divorce"

What does it mean to go through a litigated divorce?

Although a person might know that divorce is the right option for his or her family, it may not be exactly clear what the divorce process entails. On a very basic level, couples separate their lives that have become entwined over the course of a marriage. This process includes dividing finances and determining how parenting arrangements will shake out, if children are involved in the split.

Divorce preparation is key to success

No one ever said that divorce was an easy process, but with a little education and preparation it can be a lot easier than you might think. Whether you are dealing with a high-asset divorce or a modest one, having all of your ducks in a row can make the whole process less stressful, less time consuming, and less expensive. Minnesota couples may find a recent article on divorce and preparation interesting.

Dividing retirement assets in divorce

High asset divorce can be a complex and time-consuming process. This is especially true when there are complex assets in need of division like retirement funds and business assets. Fortunately, there are professionals with the experience and technical know-how necessary to deal with a complex asset division for Minnesota couples dealing with a divorce.

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.

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.

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.

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

No prenuptial agreement could mean bitter divorce fight

As Minnesota readers already know, complex asset division typically accompanies high-asset divorce. From financial holdings and family-owned business to real property and investments, complex asset division can take time and money. That is just one reason family law attorneys encourage high-asset clients to obtain prenuptial agreements. Minnesota high-asset couples may enjoy the following blog on high-asset divorce.

High-asset divorce and the benefits of prenuptial agreements

Divorce is never easy, no matter how much money a person has. In fact, when a couples files for divorce, money can actually complicate things. That is one reason why attorneys are so quick to recommend that high-asset couples prepare prenuptial agreements before they wed. While a prenuptial agreement may not fix every problem, it can expedite the divorce process significantly when there is a complex asset division involved.

Billionaire divorce blessed by prenuptial agreement

Divorce is never easy, but for high-asset couples, divorce can be much more complicated. From dividing up family-owned businesses to complex asset division, high asset divorce is often a long and involved process. Nevertheless, it is possible for couples to pre-emptively address some of the major issues that come up in a complex, high asset divorce case. The answer can be found in two simple words: prenuptial agreement.