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.
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.
