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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...
Divorce is rarely straightforward, but sometimes the division of marital property is simple. Take a joint savings account, for example: the balance is readily observable, and easily divided and split between two parties. On the other hand, some assets, like fine art...
Dividing assets can be one of the most difficult issues in any Michigan divorce, but it can become especially contentious if the couple owns very valuable assets. If some of the assets have been owned by one spouse or the other for a very long time, the value of the...
No two marriages are the same and, as a result, neither are divorces. What’s important for one couple may not be for the next and what’s simple in one divorce may be complex in another. For couples with a high net worth, this can be particularly true with respect to...
Couples who have been married for a long time have probably been saving assets with retirement in mind. Accessing those assets is is often relatively simple as long as the couple stays together. However, if they decide to divorce, what will happen to their assets and...
Divorce can be a stressful and emotionally fraught process. The thought of airing your marital grievances to a judge may not be all that appealing either. That’s one reason why most divorce cases end in settlement before they ever get to the litigation phase. That’s...