Whether divorce sneaks up on you or you have been considering the matter for a long time now, you are facing a difficult transition that will directly affect your financial and parental rights – as well as have profound emotional consequences for everyone involved. As such, having the professional legal counsel of an experienced divorce lawyer in St. Paul in your corner is to your advantage.
Considering divorce as a whole can be overwhelming, but when you break it down into its basic components, it can not only help you gain a clearer perspective but can also help you better understand what you are up against. While your divorce will be unique to your marriage, you will need to carefully tackle each of the following terms that apply:
The assets you own when you marry belong to you alone, and they continue to remain your own private property as long as you retain their separate nature throughout your marriage, which is a high bar. Any property, however, that you, your spouse, or both of you together come to own during the course of your marriage is marital property, which must be addressed in the event of divorce. In Minnesota, marital property is divided equitably between divorcing spouses, which means that it is divided fairly in relation to relevant factors.
Child custody is addressed in terms of legal custody, which determines decision-making authority, and physical custody, which determines parenting time. Legal custody guides primary parenting decisions, including how you and your ex will resolve questions related to the following:
Physical custody, on the other hand, provides you with a parenting time schedule that determines how your shared children will divide their time between your household and their other parents.
Child support is calculated according to state guidelines that factor in multiple considerations. Generally, however, the parent who is the higher earner has the child support obligation, and this is true even when the parents divide their parenting time equally.
Your divorce will only address the matter of alimony if one of you is left without the financial means to continue supporting yourself at a level similar to the one you achieved during your marriage and the other has the financial ability to help.
If you are facing a divorce, having professional legal counsel on your side is advised, and the accomplished divorce lawyers at Atticus Family Law in St. Paul are standing by to help. Your parental and financial rights are paramount, so don’t wait to reach out and contact us for more information about what we can do to help you today.
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