A recent study released at the American Sociological Association's annual conference provides a new look at divorce and separation in America. Specifically, the study looks at trends among couples choosing divorce. Despite the findings, Minnesota is unique because it has "legal" separation. In general, however, it appears that even with "legal" separation couples with more money still tend to choose divorce over separation.
Quiet settlement helps protect privacy of stars' divorce
Minnesota couples considering divorce might be interested to learn a bit more about why the Katie Holmes and Tom Cruise divorce concluded so quickly. Most observers expected the divorce proceedings to last many months, but, seemingly out of nowhere, the couple had quietly settled their marital dissolution.
Cruising to lower tax burdens after a high-asset divorce
It is virtually impossible to discuss the topic of divorce without mentioning Katie Holmes and Tom Cruise's split, which was recently settled in a rather quick fashion. While news of the celebrity split has involved a significant amount of speculating by tabloids, Minnesota couples considering divorce could learn a lesson or two from this case, especially couples with complex assets or family-owned businesses.
Baby boomers divorcing at record rates, according to study
There has been a lot of news about the rising divorce rate among older couples. In fact, for baby boomers the divorce rate has increased dramatically in the past couple of decades. It is difficult to say exactly why this is happening, but something everyone can agree on is that marriage is not easy. Minnesota boomers considering divorce might just be joining a growing national trend.
Former Yahoo executive settles heated divorce, avoids trial
After spending nearly five years battling over the terms of their divorce, ex-Yahoo president Susan Decker and her husband, a former investment banker, have finally reached a settlement out of court. Likewise, Minnesota couples who are dealing with the prospect of complex asset division should know that a mutually-beneficial settlement can be reached, even after a lengthy dispute.
In light of divorce, skier Lindsey Vonn encounters tax troubles
Most people in Minnesota know Lindsey Vonn for her ability to tear down the slopes to victory. Within the last year, however, the Olympic gold medalist and St. Paul native has run into some trouble in her personal life. After going through divorce and complex asset division, it was recently revealed that Vonn owed the Internal Revenue Service over $1.7 million in back taxes.
Divorce: Allen Iverson's wife wants a list of his former partners
Many Minnesota basketball fans would probably agree that Allen Iverson was one of the greatest point guards to have ever played in the NBA. When his career exploded in 2001, he married his wife, Tawanna. However, the couple's marriage struggled throughout the rest of Iverson's basketball career in the United States. During his marriage, rumors surfaced that Iverson may have been unfaithful. Now, as the couple deals with a pending divorce, Tawanna has filed court documents asking the basketball player to submit a list of every woman he had sexual encounters with during their decade-long marriage.
Divorcing couples nearing retirement should plan ahead
Divorce can be a confusing and complicated process for any couple living in Stillwater, Minnesota. However, determining how your divorce settlement will shape up as couples edge toward retirement is a consideration frequently left unanswered. Including a financial plan for retirement in a settlement is increasingly important, considering the divorce rate among people between 48 and 66 years old has been climbing steadily over the last two decades.
What does income tax season mean for divorcing couples?
Getting everything in order to file income taxes can be a hectic time for Minnesota families. Yet tax season can be made more complicated if a couple is going through a divorce. Though this can be a stressful time of year for couples, there are a few ways they can find their way through divorce and income tax filings.
Court rules against Hecker's ex-wife in settlement dispute
Divorcing and splitting marital property can become rather tricky when working with a significant amount of financial assets. These types of settlements can become exponentially more complicated when dealing with issues of financial insecurity.
