If you are like many people in Minnesota, your home is the single biggest asset you own. This makes the decision about what to do with your home during a divorce exceptionally important - and often quite difficult. The emotional ties a person can develop to a family home often lead at least one spouse to try and find a way to keep the home. If your spouse is requesting this, there are some things you need to know in order to protect your financial future.
Do I need to write my ex out of my will?
The question of whether you want to change your will or other estate plan documents during divorce would depend on your intentions. However, it also depends on how far you are along into the process. Minnesota law has some rules that automatically come into effect when you begin a divorce, and some that take effect when you finish.
Are you a Minnesota father who is concerned about custody?
When you got married, you likely assumed you'd be with your spouse for the rest of your life. As time passed, however, some of the very things you liked about your partner to start may have become irritations or problem issues that you were unable to resolve. If that's the case, you might be one of many Minnesota couples who are currently preparing for divorce.
How do you deal with college planning during divorce?
In Minnesota, there are no formal requirements for parents to send their children to college. Similarly, there are very few rules about how college funds or college expenses should be handled when a marriage dissolves. However, there is also probably nothing stopping you from putting these types of details down in writing when you draft of the terms of your divorce.
