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February 2015 Archives

Financing a divorce: keeping costs down

One concern that Minnesota couples have when it comes to divorce is: how much will this cost? The average cost of a divorce in the United States is $15,000. This is a lot of money for the average working class person - even more so for a stay-at-home parent whose savings are little to none. What are some ways to finance a divorce and how can you keep the costs down?

Don't overlook these types of property division in a divorce

When many Minnesota couples divorce, they may be so focused on getting the process done with quickly and overlook important assets that need to be divided. Although many focus on tangible assets such as houses and cars, there are many other types of assets subject to property division. Here are some things divorcing couples should know about so they can better position themselves to fight for an agreement that works in their favor.

How does a military divorce differ from a civilian divorce?

When servicemen and women from Minnesota decide to file a divorce, there are certain rules and requirements that apply. These rules don't necessary make the divorce more complicated, but they do govern such details as where to file for divorce and how to split military pensions. Here are some requirements that are unique to military divorces.

Use prenuptial agreements to protect separate property

Minnesota residents who have substantial assets may want to be prepared before tying the knot. There is often some confusion about what constitutes marital property. Many may believe that financial accounts opened before marriage are still considered separate property in the event of a divorce. Unfortunately, this is not always the case and the result could be a costly split if there is no prenuptial agreement in place. But why?

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