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Posts tagged "divorce proceedings"

Divorce vs Legal Separation - What is the difference?

Recently, I have been presented with the same question on multiple occasions: "What is the difference between divorce and legal separation?" First, it is important to clarify the terminology. Dissolution of marriage is divorce, it is the process of terminating the marriage, including the rights, benefits, and privileges that the spouses share. Legal separation, at least in Minnesota, preserves ...

Updating beneficiary designations can protect assets

No one wants to plan for death or a divorce but a lack of planning can create a number of unfortunate outcomes. Before getting married, a prenuptial agreement can be beneficial in that the individual parties can pre-decide how they will divide assets in the event of a divorce. Wills are another type of legal instrument that dictates where a person's assets go at his or her death.

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