When picturing the financial implications of divorce, most spouses worry about their houses or alimony. Often, however, other issues warrant more attention. For some couples, retirement can be the most impacted aspect of divorce — and also, the most difficult to navigate. This is especially true in Minnesota, where courts make it clear that, when one spouse earns retirement benefits, the other spouse enjoys a "just and equitable" share, merely due to their status as married.
As you prepare to inform your children of your impending divorce, expect questions — most of which will be difficult to answer. How you respond to these queries may, in part, determine how well your children handle your divorce. A few top questions are highlighted below:
Divorce is never easy, but mental health issues can add an additional layer of complication. Minnesota is a no-fault dissolution state, so illness (whether physical or mental in nature) cannot serve as grounds for divorce. Still, mental illness can play a significant role in several aspects of divorce — most notably, maintenance and child custody.
Most divorces are uncontested, but that certainly doesn't imply that they're amicable. Even the kindest, most considerate spouses may find themselves lashing out at one another throughout the duration of the divorce process. It's only natural at such a stressful time — but this behavior can cause irreparable harm. Struggling to keep your cool? Follow these best practices to keep your divorce as amicable as possible:
Behaviors spread more easily than we care to admit. Research suggests that merely having obese friends predisposes you to weight gain. Likewise, you're more likely to pick up a cigarette if your friends regularly smoke. Unfortunately, the same principle holds true with marriage and divorce, as we demonstrate below:
Financial concerns play a significant role in numerous divorces. While unemployment, housing costs, or credit card debt can take their toll, student loan debt is one of the most often cited sources of difficulty. Read on to learn more about the surprising connection between student loan debt and divorce.
Divorce can prompt mental health issues, financial duress, and several other problems...but did you know that it can also be a security risk? Cybersecurity is of increasing concern in an age in which hacking can destroy your finances, your livelihood, or your reputation. Your ex may attempt to use personal information obtained without your permission against you in court. Follow these steps to protect yourself as you proceed with your separation or divorce:
If divorce and raising a teen hold anything in common, it's that both induce far more stress than you ever thought possible. What happens, then, if your teen chooses to act out while you're in the midst of a messy split? These tips will help you deal with your teenager's bad attitude while also maintaining your own mental sanity as you navigate divorce:
Raising a large family is tough, but intriguing research from the American Sociological Association indicates that your children could benefit more from those family bonds than you suspect; kids from large families are less likely to divorce. Unfortunately, that's of little comfort as you go through a divorce of your own—one in which the sheer size of your family makes it seem impossible to plan for the future.