It may sound like a cliche, but communication really is the foundation of a successful marriage. When couples develop communication issues, the relationship can quickly start to deteriorate. What are some of the more common examples of communication issues that...
Elk River Minnesota Legal Blog
What if a beneficiary has serious debt issues?
When creating an estate plan, you may have concerns about some of your beneficiaries. For instance, maybe you have a beneficiary who has significant issues with debt that they can’t afford. Or perhaps they just have frivolous spending habits, and you’re worried about...
What should you know about keeping the marital home in divorce?
There are many things that you have to consider when you’re going through a divorce. One of these is what will happen to the marital home. For some, buying out their spouse’s share of the home is the most desirable outcome. While it might be tempting to think about...
What will happen to our pets during divorce?
Pets can serve as close family members, and the very thought of losing these furry and feathered friends in the event of divorce can be heartbreaking. The law typically treats pets as property rather than considering their emotional value or attachment to their...
Can you control how a beneficiary uses their money?
When you create an estate plan, you pick beneficiaries for specific assets. For instance, say that you have a bank account with $500,000 in it, and you want to leave $250,000 to each of your adult children. The estate plan gives you a variety of tools you can use to...
3 tips for living together during divorce
Since there are no laws in Minnesota that prohibit divorcing spouses from living together during a divorce, many divorcing couples choose to stay in their family residence as they dissolve their marriage. Navigating the challenging waters of divorce is never easy, and...
What happens to government retirement benefits during divorce?
The older someone is when they begin the divorce process, the more anxious they may be about the outcome. Those who are close to or past the age of retirement may worry about what effect a divorce might potentially have on their financial future. Obviously, divorce...
Should you buy or lease your company headquarters?
Business is increasingly being carried out online. Nonetheless, most companies still require at least one headquarters. This could be where you base yourself along with key staff members. If you sell goods, it could be your storefront. Generally, you have two choices...
Can you protect a child’s inheritance from divorce?
You would like to leave an inheritance to one of your adult children, who is married. Unfortunately, you are not convinced that the marriage is going to last. You don’t want to leave an inheritance to the couple, just for your child to have to split it with their ex...
3 reasons people do not make estate plans
Estate planning is something that people often procrastinate. They put it off. They fail to make a plan even when they admit how important it is. As a result, the majority of Americans don’t have an estate plan. You may be surprised to learn this, considering how...