Many people get married, and many of them eventually face the prospect of a divorce. For some couples, it may only take a few months before they realize that their marriage isn't right. For others, they may live many happy years together before irreconcilable differences make the marriage untenable. No matter the specifics of any particular divorce, our point here is this: there are many different people with many different feeling and responsibilities who may get a divorce.
Have you heard of the "Cat of Sadness?" We're guessing your answer will be one of two responses: either "no" or "what in the world are you talking about?"
Finances will always play a huge role in any divorce. Even if you have a relatively simple life with few assets or pieces of property, there will still be a significant financial discussion that needs to be had during your divorce. In addition, once your divorce is finalized, you should be prepared for a big change in your lifestyle and the way you manage your finances.
About a month ago, we wrote a post about prenuptial agreements. In that post, we outlined how prenuptial agreements aren't immune to legal challenges, despite claims and perceptions to the contrary. There are plenty of ways that the content of a prenuptial agreement could make it susceptible to a legal challenge, just as the amount of time and consideration the spouses have before signing the contract can impact it's legality and validity.
One of the stereotypes of divorce is that the splitting spouses are screaming and yelling at each other in the courtroom. While divorce isn't exactly a happy time for the splitting spouses, filing for divorce doesn't mean that the two spouses are so angry and upset with each other that they are incapable of working out a fair and proper divorce agreement.
Prenuptial agreements have a reputation, that's for sure. One of the myths about these contracts is that they are impregnable once signed. It is as if once you signed the contract, everything is etched in stone no matter how unfair or ill-advised the contract is. But, in fact, this is just a myth. There is no truth to the idea that prenuptial agreement are immune to legal challenges.
You could fill in the blank in the title with just about any financial factor, and it would probably be covered by child support payments. And yet, there are many people out there who presume that child support is a very limited and select form of financial support that can only be utilized for specific costs that are related to a child. However, child support can be used for a variety of financial purposes.
Last week we wrote a post about alimony and some modifications that are coming to the state of Minnesota. A couple of weeks before that, we talked about taxes and divorce. Today, we're going to talk about both topics and how they are related.
Tax season is over and most people in Minnesota have already put the subject out of their minds for the time being. This is, of course, fine for the vast majority of people, but the same cannot be said for parents filing for divorce. Although the next tax season is almost an entire year away, addressing these types of issues as early as possible can help ensure a smooth passage into post-divorce life.
When a marriage comes to an end, virtually all couples expect to discuss who will keep the family home, certain vehicles or other important assets. This foresight is beneficial as it allows for both parties to be prepared to face the various processes -- such as property division -- that come before a divorce is finalized. However, many pet owners in Minnesota are caught off guard when they realize the outcome of the family pet is not always as clear as other assets.