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February 2016 Archives

The importance of financial knowledge during divorce

A Minnesota resident does not need to be a financial expert to successfully emerge from a divorce. However, it may be worthwhile obtain the services of a financial adviser to ensure that grave errors are not made during property division and other financial discussions. Although this might seem like an unneeded expense, failing to secure reliable financial insight could be more costly in the long run.

How the IRS treats child support payments

Minnesota residents may not be aware that the Internal Revenue Service treats spousal support and child support payments very differently. Spouses who pay alimony can include these payments among their deductible expenses when they prepare their personal income tax returns, and the spouses receiving support are required to report them as income. However, child support cannot be used as a deduction by noncustodial parents, and custodial parents do not have to report those amounts.

Does age predict when people might get divorced?

Some married couples may be interested to know that 2013 data from a Minnesota Population Center project may show some correlations between a person's age and whether or not they've been divorced. Researchers also combined their information with statistics from the 1960 and 1980 censuses to get a bead on how factors like the era impacted the likelihood of different relationship outcomes.

Dealing with child custody and domestic violence

When Minnesota children grow up in homes where domestic violence incidents are commonplace, it is more likely that they may grow up mimicking those behaviors and becoming abusers themselves. Even separated families are not immune to this, especially if one parent consistently badmouths the other parent.

Child support a significant part of many family incomes

Parents in Minnesota who are divorcing and will receive child support join millions of other families in the United States who depend on those payments. Based on a 2014 survey, the U.S. Census Bureau found that around 25 percent of children under the age of 21 lived with one parent, and more than 80 percent of those parents were the mother.

New restraining-order-related initiative in Minnesota

One of the legal steps generally available to Minnesota domestic violence victims is to make a request for a restraining order, also known as an order of protection. Domestic abuse lawyers can answer questions those who have been subjected to domestic violence have about the restraining order process and can assist them with requesting such an order. 

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