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4 things to know when a divorce includes a business

Going through a divorce is difficult for almost anyone. Just the thought of trying to divide up assets might make you tired. For couples who worked to build a business, that business can often lead to even more problems during the property division process. If you own a business together, you should ensure that you aren't getting the short end of the stick when it comes to the business. Consider these four points.

#1: You have to decide the fate of the business

4 facts to know about divorce and your credit

One aspect of divorce is property division. In addition to dividing the assets, you also have to divide the debts. This can lead to some very difficult negotiations and potential arguments. Property division is often a contentious area of divorce and for good reason.

The terms of your divorce will impact you for the rest of your life. How assets and debts are handled during the property division process will play an important role in shaping your credit and your future life.

Make sure you understand how property division during divorce can impact your credit. Four facts to know are:

1. Debts must be divided

If you fight about money, divorce could be on the horizon

You got married when you were both in your 30s, and you were already fairly set in your ways, financially speaking. You took your finances very seriously and knew exactly what you wanted to do with every cent.

Maybe your first fight about money was small. Your new spouse wanted to buy something that you thought was unimportant, and you complained. Maybe the next fight got bigger; you wanted to buy a new car for your company, and your spouse thought you should buy a family car, instead. Things just escalated from there, and soon it felt like money was at the heart of every disagreement.

Your high-asset divorce does not have to get ugly

If you're getting divorced, you may be facing a great deal of anxiety about the future of your livelihood and your estate. While these are certainly reasonable fears, a divorce does not have spell disaster, and it does not have to be social and professional suicide.

With the guidance of a professional, experienced attorney who understands the nuances of complex divorces, it is possible to remove much of the mystery and fear from the divorce process. Whereas many divorce attorneys build their practice on pitting spouses against each other in a protracted legal battle, a true professional knows how to minimize the craziness and get to the heart of the matter - helping you dissolve your marriage in a fair and equitable manner.

3 things for men to do for divorce mediation

Divorce mediation is a way that you can work out the terms of your divorce with your ex-wife instead of going to a trial and letting the judge decide them for you. You must prepare before you go into the first mediation session. This preparation puts you in a position of being able to keep your wits about you and your emotions under control while you are working through the negotiations.

The basics of Minnesota marital property laws

After being married for more than 30 years, you and your spouse have accumulated significant assets. Sine you were married, the two of you purchased various properties, including your main residence and a vacation home on the lake. In addition to these assets, there are also various investment accounts, retirement funds, cars and even your spouse's consulting business.

When longstanding marriages fail, high asset divorces such as yours can be very complicated. While an experienced divorce attorney can guide you through the process, it is important to understand the basics of marital property laws in Minnesota. Very often, those that have been married for a long time do not understand that they have joint ownership of marital property.

Facing foreclosure? Here are 2 alternatives to consider

You have kids, work hard at your job and didn't expect to struggle with your health. Unfortunately, because you have had to finance so much lately, you haven't had the money to provide payments on your home. What can you do to avoid going into foreclosure now that you've missed several payments? Here are two possible ways to stop the foreclosure process and get back on track.

3 financial points women facing divorce should consider

Finding out that your husband is leaving you is a frightening situation for any woman to be in, especially if she is unsure of how she is going to make it financially. If you are facing a situation like this, you can act now to make plans that might help you to start your new life on a firm financial footing. Before you make any plans, you should find out what options you have. Consider these three financial points as a starting guide.

6 tips business owners can use to protect themselves in divorce

Splitting up is hard enough, but you absolutely don't want your company to be destroyed by the end of your marriage. If you're not careful, though, that's a very real possibility. Below are six tips that business owners can use to protect their companies when assets must be divided.

What factors matter in Minnesota child custody cases?

Single parents in Minnesota have a lot to think about. They must make sure that their children are cared for and have everything they need. When single parents learn that they will be thrust into a child custody battle for any reason, they usually want reassurance that their children aren't going to be ripped away from them. Knowing some of the factors that the courts will consider in their custody cases might help single parents better understand the legal process.

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