We try to make it a point to not focus too much of our blog attention on the divorces of the rich and famous. They don't tend to reflect the kind of divorce situations that most Minnesota couples are facing. But there are times when aspects of high-profile divorces provide valuable insights into the issues that can arise.
If you're thinking of divorce in the new year, you're not alone
It has been widely claimed for a number of years that January is the busy season for attorneys who practice family law. The theory is that the holidays are the peak season for relationship breakups and that with the coming of each new year couples start the ball rolling on formalizing their dissolution decisions.
What to know when filing for taxes after filing for divorce
Divorce can be expensive, especially for high-asset couples with large financial holdings and extensive business assets. The cost of divorce, however, is about much more than lawyer's bills and court costs, it is often about income tax. While the following blog does not address many of the complex issues associated with tax and divorce, particularly the nuances of property division, Minnesota couples may find it as a nice primer on income tax and divorce.
Preparing for divorce: Items to consider before proceedings begin
High-asset divorces can come with a whole host of complications, not the least of which is the property division process. Dividing property, especially items such as retirement accounts and investment portfolios, requires skill and patience. The consequences between property division done right and done with haste may prove to be very costly, in more ways than one. Minnesota high-asset couples considering divorce should think about a few of the following issues before engaging in the divorce process.
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.
