Beyer & Simonson, LLC

https://beyersimonson.com/get-to-work-what-is-voluntary-underemployment-and-how-does-it-affect-child-support

“Get to Work!” What is ‘Voluntary Underemployment’ and How Does it Affect Child Support? – Beyer & Simonson When it comes to determining child support, Minnesota’s child support laws require that parents work to support their children; accordingly, courts will assume parents can work full-time to financially support their children.

https://beyersimonson.com/when-alleging-the-conduct-is-worse-than-the-conduct-alleged

When Alleging the Conduct is Worse than the Conduct Alleged. – Beyer & Simonson Like the boy that cried wolf, losing credibility can be a parent’s undoing in a child custody dispute. For example, calling the cops on mother for serving your child mac & cheese, isn’t likely to make a case that mother is harming the child, unless you have solid evidence that noodles are toxic ...

https://beyersimonson.com/retroactive-child-support-how-far-back-in-time-can-the-court-go

Retroactive Child Support – How Far Back in Time Can The Court Go? – Beyer & Simonson When parents are involved in a divorce proceeding, Minnesota law requires that the court consider the child’s financial support, and the parents’ obligations to contribute to that support.Part of that consideration includes when the contributions should begin.

Money-related issues are frequently cited as a reason for divorce. They include mismatched financial priorities, unexpected major expenses, and discovering a partner's secret spending. https://bit.ly/30VKAkp

The 12 biggest money-related reasons people get divorced Recipes for divorce include overextended budgets, unexpected financial emergencies, or even discovering your spouse's secret credit card.

As much as you might want to get the process over with as soon as possible, moving quickly through a divorce can be a mistake. Moves made without due consideration could mean you give up more than you need to or don’t get your fair share. https://cnb.cx/37dxhP

Breaking up is hard to do: Protecting assets in divorce Attorneys dub January "Divorce Month," thanks to increased filings, but rushing to get unhitched can lead to expensive mistakes.

Though adoption is a wonderful thing, the process can be stressful as well as expensive. Thankfully, many families are eligible for relief in the form of the adoption tax credit.

How the Federal Adoption Tax Credit Works | The Motley Fool Adoption is expensive, but you may be eligible for a tax credit for growing your family.

In a divorce, courts decide whether to issue alimony payments, and in what amount, based on a variety of criteria. But you and your spouse can also negotiate an alimony settlement and ask the court to approve it.

In 1979, the Supreme Court ruled that a statute granting alimony only to women was unconstitutional.

The Paradox of Alimony for Men The Supreme Court ruled that alimony is gender neutral in 1979. But, to some, women having to dole out spousal support still comes as a shock.

A divorce isn’t just an emotional challenge, it’s a logistical one, too. But while you’re sorting out who gets what, it’s important to make sure that you’ll be able to land on your feet financially and won’t be saddled with your former spouse’s debt.

4 Ways to Protect Your Credit During and After a Divorce - NerdWallet A divorce means splitting financial assets, but credit scores are not shared. Here's how to protect your good credit or build credit in your own name.

When dividing assets in a divorce, most energy tends to be spent on the big assets, like the house and the retirement accounts. But there are many other very valuable assets that deserve thoughtful consideration also.

Hidden In Plain Sight: Don’t Overlook These Assets During A Divorce Negotiation There are many other very valuable assets that tend to be overlooked, forgotten altogether, or just left until the last minute that deserve thoughtful consideration also.

A postnuptial agreement can help provide clarity on your financial life during marriage and minimize uncertainty in the event of divorce. If you are negotiating the terms of a postnup with your spouse, you should consider having your own attorney review any documents before signing.

My husband and I just got married, but we're already considering a postnuptial agreement for 4 reasons Jen Glantz and her husband are perfectly happy, but both want to get clarity on their financial life now that they're married. A postnup can help.

When going through a divorce, it’s wise to get a comprehensive view of your assets, including copies of bank accounts, retirement funds, and tax returns. If you know what you have before the divorce and what you’ll need afterward, financial divorce planning can save you at least a few difficult decisions in advance.

How to Plan Your Finances for a Divorce The divorce rate in the U.S. has declined since the 1980s, down from 50% to around 39%. However, you may need to prepare for it anyway. It can be financially devastating. Planning working with a financial advisor can minimize the … Continue reading ->The post How to Plan Your Finances for a Divorc...

Retirement assets often represents a divorcing couple s largest pot of money. And if the process for the division of those assets is not done properly, there can be a steep price to pay in taxes, penalties or an unintended amount of money going to an ex-spouse.

How to avoid mistakes dividing up 401(k) assets in divorce If splitting retirement assets is handled incorrectly, the result could be taxes or penalties or the wrong amount of money going to an ex-spouse.

If you haven’t yet said your wedding vows, it’s worth considering a prenuptial agreement (or prenup, as it’s called). While a prenup is mostly associated with determining in advance who would get what in the event of divorce, the agreement also can spell out how finances will be handled during the marriage.

Remarrying? These should be your key financial considerations There's a good chance that another marriage means at least one spouse is bringing into the relationship a range of assets and debt that should be addressed.

Understand what your options are for separating yourself financially from your former spouse so that you can start rebuilding your life post-marriage.

How Credit Card Debt Is Handled in Divorce Divorcing your debts can be challenging, even with a divorce decree.

Since 1990, the divorce rate of people over 50 has doubled. Many factors contribute to "gray divorce," including an increased willingness to face relationship differences after children leave home.

Why Divorce Among Older Couples Is Soaring The highest divorce rate in history isn't subsiding.

If you took on your spouse’s last name or added it to your own, you may also have to make the call on what you’re going to do with your name post-divorce.

The Smart Path To Crafting Your New Identity After Divorce As if the hundred other decisions you’re forced to make weren’t already enough, if you took on your spouse’s last name (or merely added it to your own), you may also have to make the call on what you’re going to do with your name post-divorce.

Co-parenting can be challenging for a bevy of reasons, from coordinating schedules to managing difficult emotions. But when your former partner also happens to be a narcissist, a situation that might already feel like an uphill battle can become even worse.

How to Know If You're Co-Parenting with a Narcissist—And What to Do About It Think you might be co-parenting with a narcissist? Experts share the telltale signs and describe how to best navigate stressful moments that might arise.

An experienced family law attorney can explain your rights and responsibilities and help you navigate the divorce process.

How the Divorce Process Works Divorce is hard. Here's a step-by-step look at how the divorce process works, from filing the divorce petition to finalizing the judgment.

Nationally, the divorce rate has remained flat over the past several years. This isn’t the case in all cities, however.

Where Divorces Are Becoming More Common in 2021 The divorce rate in these cities is increasing faster than anywhere else, census data shows.

Developing a plan for paying for college as part of your divorce is imperative to ensuring that your children have the educational opportunities that they deserve.

Divorce: Who Pays for Education and How to Afford It | Kiplinger You think Junior should go to public school, and your ex wants him to go to a pricey private school instead. Who pays? How do you decide? Buckle up, because these discussions could get bumpy.

Divorce can be a long and difficult process. You'll need to make decisions about a number of things, including debt that you took on jointly with your spouse. Don't just assume that your divorce will split loans up the way you expected, and take steps to protect yourself from future financial troubles (and stress) down the road.

Joint Debt Lenders Might Hold You Responsible in a Divorce Find out what happens to joint debts after divorce. Lenders might hold you responsible for debts like auto loans even if your ex is supposed to pay.

Of course, relationships don’t always work out, and partners who aren’t legally married can break up just like married couples do. When that happens, the process is typically easier than it is for married couples going through a divorce. Still, you and your ex can end up in court if you can’t resolve your dispute amicably.

Divorce When You’re Not Legally Married When unmarried partners break up, the process is usually easier than divorce. Find out how assets are divided when you are not legally married.

Between state laws, beneficiaries, and dividing assets, disentangling your finances from your former spouse's can become incredibly complicated. This is a crucial time to rely on professionals that help ensure you've checked every box, found every account, and have fully protected yourself from financial damage.

Decoupling Your Finances: How to Divide Your Money in a Divorce Divorces can be messy, but taking the right steps to divide your finances can help cover your bases and recover your assets.

Your ex-spouse can use your record to get Social Security, but your benefits won't be affected.

Can Your Ex Take Your Social Security After Divorce? | The Motley Fool As it turns out, you don't need to care.

In a divorce, alimony (also known as spousal support or maintenance) may be ordered to be paid by one spouse to the other for a set length of time. Whether you qualify for alimony depends on your financial needs, your ex’s ability to pay and the duration of your marriage. An experienced divorce attorney can advise about your eligibility.

When couples get divorced, their assets are usually divided, but that split doesn't automatically extend to retirement plans, which is where a qualified domestic relations order (QDRO) can come into play.

What Is a QDRO? A QDRO or qualified domestic relations order could require you to split pension or retirement funds with your ex-spouse. Read how a QDRO works in a divorce.

Your home loan could continue to be your legal responsibility, even after a divorce. Because of the huge risks of remaining on a mortgage loan, you'll likely want to take action to protect yourself.

Getting Divorced? Here's What Happens to Your Mortgage If you end your marriage, you'll need to decide what happens to your mortgage. Here's what you need to know.

When you share children with an ex-spouse or ex-partner, there can be a variety of tricky financial issues to untangle. There are a number of tax breaks designed to help parents minimize their tax liability, and knowing who can claim them and when can make filing taxes easier for both parents and avoid the possibility of costly tax mistakes.

Children After Divorce: Who Pays for What? Who Gets the Deductions and Credits? Getting divorced can affect your tax filing if you have kids. Learn which deductions and credits you may be eligible to claim as a divorced parent.

Here's how to come away with your finances intact after you go your separate ways.

Divorce: How to stay financially secure when you're splitting up Divorce can be a real threat to your personal finances. Here's how to come away with your finances intact after you go your separate ways.