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November 2017 Archives

Divorce can be complicated for same-sex couples

Minnesota legalized same-sex marriage in 2013. In 2015, the U.S. Supreme Court followed suit and legalized marriage equality for the entire nation. However, some same-sex couples are now finding that divorce is often more complicated for them than it is for straight couples.

Avoid the financial pitfalls of do-it-yourself divorces

Minnesota residents facing divorce might think to themselves that it makes financial sense to do a low-cost, do-it-yourself divorce. They may believe it's as easy as splitting any retirement accounts and pensions equally and walking away. What many don't realize is that dividing pension and retirement funds without having proper legal agreements could leave one or both parties looking at some expensive tax bills or hefty penalties.

Creating a parenting plan during a divorce

When Minnesota parents decide to divorce, they must make important decisions about how they will raise their children and share parenting time. In the mind of many judges, having ample access to both parents is presumed to be in a child's best interests. This presumption is rebuttable, however, if it can be shown that, for example, one parent has a history of substance abuse or domestic violence.

Why people get a divorce

Minnesota couples know that marriage can be hard work and that many end in divorce. The Centers for Disease Control and Prevention reports that 22 percent of couples who have been married for five years will go through a marriage disruption in the form of a death, separation or divorce. For couples who have been married for at least 20 years, that figure increases to 53 percent. With regard to divorce, there are several reasons why couples way opt to go their separate ways.

Asset protection is possible without prenup

While prenuptial agreements are one of the best tools when it comes to protecting assets in case of a divorce, many people are hesitant about them. Fortunately, there are ways for Minnesota residents to protect their assets without a prenup. First, a couple does not need to discuss finances just in relation to prenups. Instead, a couple can assess how to handle finances when marrying.

What increases the chances of a divorce

Minnesota residents that are considering getting married should know that there might be certain risk factors that can increase their odds of getting a divorce. These criteria are not direct causes of divorce, nor should they be used to assume that a divorce will definitely occur. However, it is important to understand how such factors may make the hard work needed to make a marriage succeed even more difficult.

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