Understanding the Complexities of Divorce

toy house split in two with family on either side A dissolution of marriage can be emotionally challenging for all parties involved, especially when it affects children. With so much to consider, you may feel overwhelmed. We’re here to lend our knowledge and help ease the burden. The trusted Divorce & Family Law attorneys at Bolt Law Firm can help you navigate the process and understand the complexities of divorce.

In Minnesota

The term for divorce in the state of Minnesota is “Dissolution of Marriage.” This legal dissolving of marriage between two persons has specific regulations and guidelines for residency and filing. Our attorneys can break down the details and filing process to make everything simple and understood.

The Split

According to the American Psychological Association, more than 90 percent of people get married before age 50. Nevertheless, almost half of marriages in the United States end in divorce. The rate is even higher for subsequent nuptials.

Couples get divorced for any number of reasons, including differing attitudes about money or parenting, lack of compatibility, unrealistic expectations, or infidelity. Whatever the determining factor for your split, you need to look out for your best interest and in some cases, the well-being of your children.

The Agreement

A divorce agreement should include provisions for everything from finances to residences to dependents. Anything owned or owing since the wedding date is fair game.

Assets acquired throughout the marriage are joint property, even if one spouse was the primary or sole user. These can and should include:

  • Automobiles and recreational vehicles
  • Jewelry, antiques, and memorabilia
  • Joint and individual bank accounts
  • Houses and/or property
  • Retirement accounts and/or investment assets

Debts such as student, bank, or car loans; mortgage payments; and credit card balances are also considered.

The Children

Divorcing parents also need to make decisions regarding child custody: sole, split, or shared. Where and with whom will the children live? How will holidays be arranged? The most important thing here is what is in the best interest of the children.

The Divorce & Family Law attorneys at Bolt Law Firm understand the complexities of divorce and can walk you through this challenging process. With their guidance, you can better understand the decisions involved to make the best and most informed choices for you and your children. Contact us