News & Resources

Before walking down the aisle, some couples enter into a contract known as a prenuptial agreement. Prenuptial agreements allow the future bride and groom to decide beforehand how their assets will be divided should they ever go through a divorce. While this can be advantageous for various reasons, there are some matters that should not be addressed in a prenuptial agreement, and one of them is child custody.  Enforceability of Child Custody Provisions In Prenuptial […]

Raising children is expensive, and if you are a working single parent of a young child, a large part of that expense is childcare. The average annual cost for an infant in a child care center was $10,131 in 2019, and it seems safe to assume it’s only gone up since then. Thankfully, the Iowa legal system has recognized the need for both parents to contribute to the cost of childcare and has made changes […]

The dissolution of your marriage is a matter that should be taken seriously, and it is also a matter that should be handled by a legal professional that understands the law and how it works in Iowa. Relying upon any person or entity that is not an Iowa licensed attorney is never, in our opinion, a good idea. At Simpson Legal Group, LLC, we are attorneys that have dedicated our careers to helping people in […]

Prove Assets Are Pre-Marital One way to protect family and generational assets during a divorce is to prove that those assets are pre-marital. Keep records of all separate property before the marriage. Also consider maintaining separate bank accounts for any pre-marital funds and current income. Ensure that you are following all laws under the Internal Revenue Service. Keeping pre-marital assets in the original name only, unless shared with siblings or other family, is another option. […]

The process of dividing up marital assets can be complicated and lead to disagreements between the divorcing couple. It is important to understand how marital property is divided in a divorce, as well as the legalities surrounding spending your shared assets during the divorce process. Every divorce will have unique circumstances, and it is important to ensure your legal and financial rights remain protected. Contact the experienced divorce attorneys at Simpson Legal Group at 712-256-9899 […]

When spouses make the decision to divorce, the question, “What happens to the real estate portfolio and investment assets?” may arise. The division of real estate and other investment assets is one of the most challenging aspects of a divorce, even in an equitable division state such as Iowa. When an individual wants to protect their real estate portfolio during a divorce, they may consider seeking legal counsel from a divorce attorney to ensure their […]

A high-net worth divorce can become very complicated, stressful, and contentious. Spouses in a high-net worth divorce may have significant marital assets and multiple sources of income, which makes the process of dividing property and finances more challenging and complex. Individuals in a high-net divorce may not understand all the nuances and financial complications of ending a marriage, which is why many spouses make irreversible mistakes that have lifelong consequences. It is essential to know […]

Student Loans And Divorce There are currently more than 43 million student borrowers in the United States that are in debt to the tune of a total of $1.73 trillion dollars, according to the Education Data Initiative. This means that on average, students owe just over $39,000 each. This can be a staggering amount of debt for couples, especially if both spouses have student loans. If one spouse incurred student loan debt is the other […]

Unique Challenges Of A “Gray Divorce” Gray divorce has been on the rise in recent years according to the Pew Research Center which claims the trend is led by baby boomers. While the divorce rate is higher than in the past 25 years for those over 50 years old, married couples 65 years and older have seen the divorce rate nearly triple during the same time period. What are the reasons for this sharp increase, […]

What To Do If You Think Your Spouse Is Hiding Assets Divorce is never pleasant, and in many cases is bitter and contentious. It is not unusual for one spouse or the other to attempt to hide income or other assets not only from their spouse, but from the court as well. Iowa is an equitable distribution state, which means that courts divide assets and other property in a way that is deemed equitable or […]