Beyer & Simonson, LLC

09/01/2022

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

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.

08/18/2022

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

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 ...

06/10/2022

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

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.

11/30/2021

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

Recipes for divorce include overextended budgets, unexpected financial emergencies, or even discovering your spouse's secret credit card.

11/27/2021

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

Attorneys dub January "Divorce Month," thanks to increased filings, but rushing to get unhitched can lead to expensive mistakes.

11/27/2021

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.

Adoption is expensive, but you may be eligible for a tax credit for growing your family.

11/22/2021

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.

11/20/2021

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

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.

11/17/2021

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.

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.

11/15/2021

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.

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.

11/12/2021

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.

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.

11/12/2021

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.

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...