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September 2017 Archives

Divorce and taxes

Minnesota couples who are ending their marriage should know what types of impact a divorce will have on their taxes. This knowledge can help them make necessary preparations.

Alternative dispute resolution and child custody

Informal negotiations, mediation, collaborative divorce and arbitration are all among the options available for a Minnesota couple who are divorcing and who have young children. Parents may be able to save time and money as well as retain more control over the final outcome if they use one of these methods instead of going to litigation. These approaches are also less adversarial.

Bartenders and travelers have highest divorce rates

Minnesota couples may be interested to know that the old stereotype that bartenders have the highest divorce rates might be true. According to data from the 2015 American Community Survey, those who are employed in fields that involve the nightlife or travel, like shipping and transportation jobs, that prevents them from being home for long periods of time are more likely to get divorced than others.

Income doesn't protect against abuse

The fact that people who live in wealthy neighborhoods could be victims of domestic violence may surprise some Minnesota residents. However, a July murder-suicide involved victims who live in an affluent part of Springfield, Missouri. In that incident, police believe that a 66-year-old man and a 27-year-old woman were each found with a single gunshot wound. Authorities say that the two were in a romantic relationship and that the man fired the shots.

Retirement funds and property division

The issues that cause Minnesota couples to end their marriage often make negotiating the terms of property division difficult. To avoid costly financial mistakes, people must make a conscious effort to examine closely the details of the settlement. The property division phase includes splitting retirement accounts, and mistakes could lead to unexpected tax bills.

How parents can agree on house rules after divorce

Minnesota parents who are ending their marriage will need to work out consistent household rules for their children. This can be important for children whose lives have been disrupted by the divorce. House rules should not become a battleground for parents who are trying to attack one another. There may be some rules that a parent is unwilling to compromise on, but knowing those ahead of time as well as where there might be flexibility can help when parents sit down to negotiate. They may also want to consider having older children participate in the conversation as well.

Shared parenting can help moms, dads and kids

Divorcing Minnesota parents and their children could all potentially benefit from a child custody model that expects both parents to maintain a full role in their children's lives following divorce. Shared parenting, a popular model for child custody around the world, can help more women to avoid poverty and remain active in the workforce while promoting closer relationships between fathers and children.

Tips for dealing with a toxic co-parent

When a Minnesota parent of young children has just ended a marriage with a toxic partner, having to continue to deal with the ex can be difficult. However, there are certain things that parents who have to deal with a toxic co-parent can do to make the situation less stressful.

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