When Minnesota couples decide to end their marriage, there are many issues to contend with. Not only will their assets likely be split, but there may also be issues regarding child custody and support, as well as who gets to stay in the marital home. Alimony is another issue that is commonly discussed. However, not… Read More
Posts Tagged With: Spousal Support
Same-Sex Marriage and Divorce Boom in Minnesota
One year ago, Minnesota legalized same-sex marriage. The state became the 13th in the nation to allow same-sex couples to get married. In the last year, Minnesota has seen over 3,800 same-sex couples get married. In that time, six more states have joined Minnesota and the other states in recognizing gay marriage, not to mention… Read More
Make Your Prenup as Solid as Your Relationship: Part Two
Last week we discussed some of the benefits of prenuptial agreements for couples who are planning to get married. While no pair wants to think about that possibility that their marriage may not work out, it is important to give some thought to how your financial situation would be affected should that happen. A strong… Read More
Military’s Lifetime Alimony Rules Under Siege
Military servicemen and women, as well as their advocates, are speaking out against a federal law that they believe treats them unfairly in divorce. The Uniformed Services Former Spouse Protection Act designates military retirement pay as property for the purpose of divorce, meaning that it may be split up to 50/50. This allows some former… Read More
Calculating Spousal Support After Divorce
It’s the center of celebrities’ jokes, the target of reform and the cause of many divorce disputes. Whatever your stance on alimony (also called spousal support and spousal maintenance), the issue may come up during your divorce. Whether you expect to pay or receive alimony after parting ways with your spouse, it can be helpful… Read More
Even Celebrities Must Face Realities of Divorce
If you are at all tuned in to popular culture, you know that actress Katie Holmes recently filed for divorce from mega-star Tom Cruise after five years of marriage. Their marriage, Cruise’s Scientology beliefs and his intermittently erratic behavior have long been the subjects of tabloid speculation. Nonetheless, Holmes’ filing for divorce came as somewhat… Read More
What You Should Know About Life Insurance When Filing for Divorce
Emotions run high when couples are considering a divorce. Negotiating through the divorce process can be incredibly complex, involving many factors that often leave people feeling overwhelmed. Not surprisingly, the financial consequences associated with life insurance policies are likely not the first thing on most people’s minds during this trying period. Nonetheless, determining how to… Read More
More Women Making Child and Spousal Support Payments
When a couple divorces, people often assume the man will be the one paying child support or alimony. However, as more women have climbed the corporate ladder, the financial arrangement is often reversed. A recent survey found increasing numbers of women are now making support payments to their husbands. According to a survey by the… Read More
How Does Education Factor into Alimony Orders?
Perhaps you helped your spouse through school financially, or you stayed at home with the kids while your spouse obtained an advanced degree. Does that count for alimony / spousal maintenance purposes? What if you (or your spouse) don’t have the education necessary to get a reasonable job? Alimony in Minnesota During a Minnesota divorce,… Read More
What Is Your “Standard of Living” for Divorce Purposes?
Divorcing couples and the courts look to the standard of living established during marriage to determine alimony / spousal support and child support. How can you figure out what the standard of living was during your marriage? What documents should you collect in order to show how many assets you and your spouse have and… Read More
