Divorce can be a challenging and emotional process, and taking steps to protect your credit during this time is essential. In a divorce, you must divide assets and debts. If you're not careful, it can significantly impact your credit score. Here are some tips on how...
Elk River Minnesota Legal Blog
2 things to know when buying a foreclosed home in Minnesota
If you’ve been in the real estate investment game for a while, you probably know that foreclosed properties tend to come with attractive deals. After all, foreclosure sales are distress sales. But foreclosure homes also come with a number of drawbacks; and one of...
What is the purpose of a home inspection?
You could go out today and purchase a home, but, in all likelihood, it wouldn’t be your dream home. That’s why many people spend months and years picking the perfect home. While all that effort may come to fruition and you found your dream home, there could be a major...
Who should you pick as a guardian for your child?
Estate planning is a crucial step that all adults should consider doing. And some life changes can motivate you to do so, such as having a child. An estate plan is not all about distributing inheritances – it consists of several documents that protect your wishes,...
What should be in your estate plan?
An estate plan is a legal document or set of documents that outline an individual's wishes regarding the distribution of their assets and the management of their affairs in the event of incapacity or death. While there is no one-size-fits-all estate plan, specific...
2 possible ways to secure your immediate post-divorce finances
In addition to matters that affect the well-being of children, money issues are a top concern for those exiting a marriage. Minnesota is an equitable distribution state, which means that courts strive to divide marital property fairly between spouses. Unfortunately,...
Important considerations in a gray divorce
Many couples realize they have little in common with their spouse once their children leave home, and they have just each other for company. For example, one spouse may like to stay active, meet new people and explore new places while the other is happy at home or...
3 considerations when drafting a parenting plan
Child custody matters are serious, and they’re sometimes the most challenging part of divorcing. It’s up to the parents to provide the children with the support and consistency they need to thrive. This means putting personal feelings aside and always doing what’s...
How a business partnership could benefit you
You're a strong-minded and determined entrepreneur. For years you dreamt of starting your own business and that has finally come to fruition. Despite your determination and attributes, the reality is that the corporate world can be tough. Would you rather make all the...
Weighing your options for your rental property as you divorce
If you and your spouse have a rental property, it’s likely brought you a nice added source of income – but maybe more than a few headaches. Now that you’re divorcing, the question becomes what to do with it. Your options are somewhat similar to those for your family...