Many people in Minnesota have heard of a prenuptial agreement, which allows couples to decide on the division of assets in the event of a divorce before they marry. However, few people may be familiar with a postnuptial agreement. A postnuptial agreement does pretty much the same thing for you and your spouse that a prenuptial agreement does. The main difference is that, as suggested by the name, you enter into a postnuptial agreement after the marriage takes place rather than before.
If you have been ordered to pay child support, you may wonder if you will always have to pay the same amount. Minnesota courts realize that situations change, so child support orders are not written in stone. You do have the option to have them modified. However, because the court is very busy, you cannot just request a change any time you want.
Minnesota couples facing the prospect of divorce know that this choice is not an easy one. It is difficult to make the decision to move forward with ending a marriage, and some couples are looking for ways to make it as easy and streamlined as possible. One way to do this is by filing for an uncontested divorce.
Taxes are a subject that is never far out of the minds of Minnesotans. As progressive policy state, taxes tend to be a bit higher here than elsewhere. At the same time, they are lower than many states. One thing that applies to all states, however, is the federal income tax and that is the subject of today's post.