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Who Claims Child Taxes on 50/50 Custody? Understanding the Rules and Seeking Legal Guidance
Child custody arrangements can be complex and emotionally charged, and when it comes to tax time, things can get even more complicated. One common question that arises in 50/50 custody situations is, “Who gets to claim the child tax benefits?” In this blog, we’ll delve into the rules and considerations surrounding child tax claims in… Read more »
What is a Nesting Arrangement in a Divorce?
Divorce is a challenging and emotionally charged process, especially when children are involved. Co-parenting after divorce requires careful consideration and planning to ensure the well-being of the children remains a top priority. Traditional custody arrangements often involve children shuttling back and forth between two households. However, an alternative arrangement gaining traction in recent years is… Read more »
How are Retirement Assets Divided in a Divorce?
Divorce is a challenging and emotionally charged process that often involves the division of assets accumulated during a marriage. Among these assets, retirement accounts hold a significant place, as they represent a couple’s long-term financial security. When it comes to the division of retirement assets in a divorce, understanding the legal aspects and taking proactive… Read more »
What Is a Gray Divorce?
In the intricate tapestry of human relationships, divorce is a reality that can impact couples at any stage of life. While the dissolution of marriage is often associated with younger couples, a growing trend known as “gray divorce” has emerged, shedding light on a new chapter in the realm of separation. Beckman, Steen & Lungstrom… Read more »
Navigating Divorce in Minnesota: Understanding the Impact on Men and Women
Divorce in Minnesota is a complex and emotionally challenging process that affects both men and women in different ways. In Minnesota, like many other states, there are specific laws and guidelines that govern issues such as child custody, alimony, and child visitation rights. At Beckman, Steen & Lungstrom, we understand the unique challenges faced by… Read more »
Property Division: What Can I Keep & What Must be Divided?
Divorce can be a difficult and emotional process, especially when it comes to dividing property. At Beckman, Steen & Lungstrom, P.A., we understand the complexities of property division when it coms to divorce in Minnesota and are here to help you navigate this process. In this article, we will discuss the different types of property… Read more »
Safeguarding Your Assets: Essential Estate Planning Strategies for Married Couples
When it comes to estate planning, married couples face unique considerations to protect their assets for themselves, their children, and future generations. With careful planning, couples can ensure their hard-earned wealth is preserved, minimize estate taxes, and provide for their loved ones. In this blog post, we will explore several key strategies that can help… Read more »
Questions To Ask When It Comes To Child Custody in Minnesota
When dealing with child custody matters, it is crucial to ask the right questions to ensure the best interests of the child are met. Here are some important questions to consider: What is the child’s current living situation and routine? What are the specific reasons for the custody dispute or potential changes to the existing… Read more »
How Does Business Valuation Work In Divorce Cases?
In Minnesota, when divorcing spouses own a business, the value of that business may be considered marital property subject to division during the divorce proceedings. Business valuation is the process of determining the fair market value of a business or business interest. Here are some key points to consider regarding business valuation in divorces in… Read more »
Can My Spouse and I Share The Same Divorce Lawyer?
While it is technically possible for spouses to share the same divorce lawyer, it is generally not recommended. In most cases, it is in each spouse’s best interest to have their own independent legal representation to ensure that their individual rights and interests are protected. When a divorce lawyer represents both spouses, this is known… Read more »