Divorce is a transition that encompasses a lot of important moving parts. In fact, the terms of your divorce can directly affect your post-divorce life in significant ways that you may not have even thought about. The emotional turmoil that often accompanies divorce can make seeing the big picture extremely difficult, which leaves you vulnerable to negotiating for terms that ultimately don’t serve you and your children’s best interests. Fortunately, experienced divorce attorneys in Grant, Minnesota, can help.
While your divorce won’t be exactly like anyone else’s, it will incorporate the same basics, which include resolving the following matters that apply to your situation:
We’ll take a closer look at each one of these issues below.
Marital property refers to those assets that you acquired as a married couple, and while this seems straightforward enough, complications can quickly escalate. Those assets that you bring into your marriage with you are separate property that will remain your own upon divorce, but it’s necessary to keep these assets separate throughout your marriage, which can be quite difficult to achieve, in order to maintain this distinction. Further, those assets that are deemed marital will be divided equitably, which means fairly – but not necessarily equally. This process can be complicated.
The State of Minnesota addresses both physical custody (also called parenting time) and legal custody. Both can be either sole or joint. Physical custody refers to the visitation schedule your children follow, and if you and your divorcing spouse are able to devise a schedule that works for you, you can get as creative as you would like. If you’re not able to do so with the guidance of your respective divorce attorneys, the court will do so for you and will likely impose a schedule that is in accordance with state templates.
Child support payments are calculated using specific state guidelines, and they are based on the legal requirement that both parents provide financial support for their children. These payments are determined in accordance with each parent’s relative financial ability to pay, which means that the higher earner is generally the parent who pays child support.
Alimony is also called spousal maintenance, and it comes into play when one spouse will face relative financial hardship upon divorce, and the other has the financial ability to help. Alimony is far more likely to be ordered in divorces involving long marriages and/or more significant financial discrepancies between the divorcing spouses.
If you are moving toward a divorce, you don’t have to face the difficult path forward alone. The accomplished divorce attorneys at Atticus Family Law in Grant, Minnesota, are committed to employing the full expression of their impressive experience in protection of your parental and financial rights. We understand how difficult the divorce process can be, and we’re here to help. To learn more, please don’t wait to contact us today.
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