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Property Division Archives

Being prepared for divorce can save a lot of money

Getting divorced is a frightening prospect financially, especially for older high-asset couples with large and complex estates to divide. Fortunately, with a little bit of effort and some straightforward pre-divorce planning it is possible to keep the costs of property division in check. Minnesota readers thinking about filing for divorce may find the following blog on divorce preparation and the divorce asset split informative.

Divorce may be up over the past 30 years MN researchers say

Some researchers are currently challenging the idea that the divorce rate has been declining over the past thirty years. A recent report from researchers at the University of Minnesota and the Minnesota Population Center reveals that the divorce rate may actually be increasing over the past thirty years. The researchers make the point that the data measures previously used to arrive at the divorce rate may have been problematic. In 2008, however, the U.S. Census Bureau added divorce related questions to its questionnaire which should provide more valuable data to researchers.

When property includes a business, divorce becomes bigger risk

There is already a great deal at stake when people finally come to the decision to file for divorce. Relationships with their kids and other family members might change. Maybe the family will have to give up the family home.

The basics of prenuptial agreements and property division

Dividing assets in a divorce is a difficult task. From property valuation to dividing complex assets, property division can be both a time consuming and costly process, especially when couples disagree. Fortunately, it is possible to streamline the process as well as ease some of the burdens on everyone involved. Minnesota readers may find the following blog on complex divorce asset splits and prenuptial agreements interesting.

Knowledge of marital assets is key to property division

Whenever a couple files for divorce in the state of Minnesota, they must first settle a number of important legal matters. The most common divorce-related legal matters that couples must address include alimony, child support, child custody and property division. Property division or the divorce asset split is often the most difficult and time-consuming aspect that most couples will deal with during their divorce proceedings.

Complex property division and the gray divorce revolution

Fifty years ago, fewer than three percent of individuals over 50 in the United States were divorced. By the turn of the millennium, that number had grown to about 12 percent. While divorce is difficult at any age, the age of the couple can affect a couple's priorities. For instance, while younger couples tend to be concerned with child custody issues, older couples are often more concerned about property division and financial matters.

Geographical impact on marital asset property division

When a couple files for divorce, where they get divorced can have a significant impact on how the marital estate is divided. The reason for this is that different states have different rules concerning property division and these rules can have a sizeable effect on who gets what in a divorce. Minnesota couples facing the unfortunate task of managing a divorce asset split might find the following post on property division and divorce informative.

Retirement considerations in the property division process

Divorce can be a nerve-racking experience. For couples over the age of 50 one of the biggest concerns is whether dividing marital property will have a significant effect on their retirement. While divorce will likely have some financial impact, with a little planning it is possible to minimize the damage. Minnesota couples pondering divorce may find the following tips on planning for retirement during a divorce asset split helpful.

Preparing for property division before the divorce begins

It is all too easy for high-asset couples to make costly financial mistakes during the divorce process. Often times, these mistakes are the result of emotional exhaustion and the desire to move on to quickly. While this is certainly understandable, it is important that Minnesota couples going through a high-asset remember to prepare for the financial side of the divorce. The following is a few pieces of advice on property division for Minnesota couples currently considering a divorce.

Understanding prenups, equitable distribution, and divorce

An impending divorce between oil executive Harold Hamm and his wife Sue Hamm could be the most expensive divorce in American history. Hamm is worth an estimated $11 billion, due largely in part to his 68 percent stake in the oil company Continental Resources. With no prenuptial agreement, Sue Hamm may be entitled to half of Harold's 68 percent stake, leaving the oilman without control of the company and with $5 billion less in the bank.