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Posts tagged "Property Division"

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.

More Monet, more problems: Couple divorces, splits art collection

Divorce can bring on all sorts of complicated problems. While most of us may never experience the stress that accompanies parting with priceless pieces of artwork, like an original John Singer Sargent or a rare Monet, for others this is very much a reality. That is why art lovers in Minnesota readers may be interested in a recent story involving high-asset property division during a divorce.

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.

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.

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.

How are retirement accounts included in a divorce settlement?

For Minnesota couples who hold a significant amount of assets and property, the divorce process often requires careful attention. As couples approach property division to negotiate how their community property will be divided, it may become important to pay attention to how a spouse's retirement plans are included in the final settlement.

Minnesota couple learns the lessons of divorcing with a mortgage

At first glance, issues in the housing market concerning foreclosures may have little to do with family and divorce law. In reality, having an outstanding mortgage or dealing with foreclosure should be of acute interest to divorcing Minnesota couples. Part of the property division process is including your home mortgage, if it still has not yet been paid off. Splitting up a mortgage can be a difficult enough task in divorce proceedings, but finding out you're responsible for a mortgage after your divorce is something completely different situation.

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.

Actor Dennis Quaid faces property division issues in divorce

Hollywood veteran Dennis Quaid, star of "Great Balls of Fire" and "The Rookie," has recently announced that he and his wife are seeking a divorce. The couple announced they are separating after almost eight years of marriage. Quaid and his wife are likely to deal with serious property division questions as they proceed with their divorce. Like many Minnesota couples, this celebrity couple faces the complex issues commonly associated with high-asset divorces.

Divorcing couples often find difficulty when splitting property

A divorcing couple's home is the source of a lot of memories and emotions. Some of the best moments in a marriage involve purchasing a home and building a family within its walls. This is why property division can be such a contentious issue for divorcing couples. Deciding who gets the house, who will take care of an outstanding mortgage or if the house should be put up for sale are serious questions many Minnesota couples going through divorce are asking themselves.