Everyone has likely heard of a prenuptial agreement. For couples with complex financial holdings, such as a family-owned business, a prenuptial agreement is an important tool to protect pre-marital assets, like financial holdings and property interests, in case of a divorce. In addition to the prenuptial agreements, more and more couples are beginning to sign a new legal document known as a postnuptial agreement.
Creating asset inventory can help with divorce
Divorce is rarely uncomplicated, especially when dividing assets. Making matters worse is the lack of uniformity among the several states. Each state has its own rules about property division. Understanding these laws is the key to understanding what a person will, or will not get, in a divorce, but before any of the legalities can come into play, the couple must first figure out what is at stake. That is why making an inventory is so important. Minnesota couples considering divorce will find the following piece on inventorying assets in a divorce helpful.
International custody disputes often hinge on Hague treaty
Among the many issues couples face in divorce, some of the most complicated cases involve parents attempting to enforce custody agreements across borders. Minnesota parents facing child custody disputes, domestic or international, might benefit from understanding the complexities of the laws surrounding custody.
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.
New technologies attempt to assist with some aspects of divorce
Divorce is can come with its share of complications, but several new software programs designed for couples preparing for divorce intend to ease some of the burdens. These "divorce" apps, which were created by family law attorneys from across the country, are available specifically for iPhone and Android mobile devices. Tech-savvy Minnesota residents might be tempted to learn more about how some of these apps might help them manage the "business" of divorce, particularly property division, a little bit more easily.
The changing face of alimony in modern divorce
Once upon a time alimony was synonymous with divorce. While it is increasingly less customary, it is nevertheless still a factor in many divorces. Who pays and how much, however, is changing dramatically.
Zuckerberg's perfect timing likely to make asset division easier
Facebook's co-founder, Mark Zuckerberg, married Priscilla Chan one day after Facebook went public. Zuckerberg is currently worth an estimated $20 billion. Though there has been no confirmation, many financial and divorce professionals believe the social media guru signed a prenuptial agreement with his wife.
More women are paying alimony to their former spouse
A recent report reveals that women in Minnesota and across the nation have seen an increase in divorce court judgments for spousal maintenance. The report was released by the American Academy of Matrimonial Lawyers, which consists of 1600 members who handle divorce, alimony, child custody and other family law issues across the nation.
Minnesota governor to consider revised joint custody law
Minnesota divorces involving children may see changes if Minnesota Governor Mark Dayton signs child custody legislation that recently passed the state house and senate. Readers of this blog may recall an earlier post where we discussed the original Children's Equal and Shared Parenting Act, which required each divorced parent to get 45.1 percent of the time with the child.
Tips for protecting your child custody claim
When Minnesota couples are embroiled in heated divorce and property division proceedings children are sometimes caught in the middle. Other times, emotions can interfere with a parent's better judgment. Yet parents most often want the best for their kids, so it is important to make sure both parents take the right steps to see that a favorable child custody arrangement is created.
