Almost everybody has heard of prenuptial agreements, also known as prenups or antenuptial agreements. But many people don’t know someone who has one (or don’t know that they do). As a result, a sort of mythology has risen up around prenups: that…
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All parents face challenges when a child approaches college age, but divorced parents face extra challenges: the end of child support, possible changes to parenting time, and, of course, financial aid. Few families can manage the expense of college w…
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It’s common to hear about parents breaking the bank to pay for a child’s dream wedding; comedic movies and TV shows have even been built around this premise. But nobody makes a show about parents who go broke paying for their child’…
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Divorce is never easy. But if you’re a busy professional, such as a physician, dentist, certified professional accountant, or an attorney, divorce holds special challenges for you. You may be worried about the impact that the divorce will have…
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When you’re in the middle of a child custody dispute, there are a lot of things to think about: how legal custody will be arranged, what your parenting time schedule will be, child support, and so on. One of the last things parents tend to thin…
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The prevalence of so-called “gray divorce” is increasing: more and more people are choosing to divorce in their fifties, sixties, and even beyond. They may have stayed together “for the sake of the children” and decided to par…
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Two of the most common reasons that marriages end in divorce are incompatibility and financial problems. Those two factors aren’t mutually exclusive, of course, which means that many people are dealing with both financial pressure and a spouse…
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Dividing assets can be a contentious aspect of divorce even when you don’t have much to fight over. When a small business is among the marital assets, property division can go from contentious to all-out war. This is true for a number of reason…
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Minnesota, like a majority of states, divides property in divorce according to a system of “equitable distribution.” This means that marital property isn’t necessarily split exactly equally between a divorcing husband and wife, but…
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Divorce is a stressful process. Between worrying about the well-being of your children, your financial future, and grieving the loss of the marriage you hoped to have, there’s not a lot of energy left over for anything else. But there is one mo…
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As a parent, you want to do everything possible to protect your children. You buy safety equipment, research the best daycare centers and schools, and save for their future. A surprising number of parents, however, don’t do one of the most impo…
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Some unhappy couples stay together for the sake of the kids. Others do it because of religious beliefs or because they can’t afford to live apart. And some married couples have put off divorce to avoid one spouse being removed from the other sp…
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In Minnesota, children have the right to be supported financially by both parents. Minnesota law presumes, therefore, that both parents are capable of working and earning income to provide that support. Child support is calculated on an “Income…
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Minnesota parents who pay child support (obligors) and parents who receive it (obligees) are often concerned about whether the amount of child support in their case is accurate. There are many factors that go into Minnesota child support calculations…
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In Minnesota, child support is calculated according to guidelines set forth by the state legislature. Of course, calculations are only as good as the information on which they are based, which includes the parents’ gross income. When a paren…
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