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Couples sometimes decide to start family businesses together. Often, they bring different skill sets that make the business stronger. One spouse may be the creative force behind the business’s products and innovations, while the other spouse is good at advertising,...
There are many unique details that influence the property division process during a divorce. The duration of the marriage, the income of both spouses and even custody arrangements may influence how people split their resources and shared debts when they divorce. The...
If you are going through a high-asset divorce, especially if there is a lot of animosity and conflict, there is a risk that your spouse could try to hide assets. The court will require them to disclose everything that they own, but that does not mean they will be...
Dividing a substantial estate during divorce can quickly become complicated. Financial entanglements, property ownership and personal investments often require close attention. For high earners or those with long-standing financial interests, the decisions made now...
A high-asset divorce can involve significant wealth, businesses, investments and real estate. Therefore, it can be a complex process. Forensic accountants can provide a detailed analysis of these assets. Are you facing a high-asset divorce and wondering how a forensic...
Property division during a divorce is no easy task. When your marriage involves significant assets, this process can become even more complicated. High-asset marriages often involve intricate financial structures and diverse investment portfolios. These require...
Prenuptial agreements (usually called “prenups”) have become very common in Michigan as family lawyers and their clients have realized the value of such agreements. A more common question now is whether a prenup can be defeated if one party attempts to enforce the...
There are several factors that make a high-asset divorce in Michigan different from other divorces. A high-asset divorce is generally considered to be a divorce involving more than $1 million in assets, although in today’s financial climate, that number may be getting...
One of the most difficult issues in a high-asset Michigan divorce – or in any divorce, for that matter – is the valuation and division of real property, especially the family home. Michigan divorce law requires that the assets owned by the divorcing couple be divided...
In the big picture, Michigan divorces work the same no matter how much a couple earns between them and no matter how wealthy they are. Property will still be divided in what the law calls an equitable manner. Basically, the property a couple acquired while married...