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Going through a divorce means that you and your ex have to split up everything financial that’s become entangled during the marriage. This isn’t an easy undertaking, but it’s one that’s necessary. One thing that some people don’t realize is that the property division...
Michigan courts follow equitable distribution when dividing the marital estate in a divorce. This approach seeks to allocate property in a fair and just manner, taking into account the unique circumstances of each marriage. Rather than simply splitting everything down...
The emotional fallout can be overwhelming when a marriage ends due to adultery. What about the financial implications of such a situation? Will your spouse's infidelity impact the division of your shared assets? Adultery does not directly influence property division...
Divorce can feel stressful and overwhelming, especially when it comes to dividing property. You want to ensure a fair split, but how do you know what everything's worth? This is where hiring an appraiser becomes crucial. These professionals help you see the actual...
Managing the challenges of divorce is never easy, especially when it comes to the division of property. Thus, knowing the difference between marital and separate property is crucial because it can influence the outcome of property division. If you are in the process...
Dividing assets is usually one of the most stressful issues in any divorce. The parties to a divorce often give in to their less honest instincts and attempt to hide assets from the other party. In Michigan, as in most states, such behavior is plainly illegal. The...
If you find yourself in the midst of a later-in-life divorce in Michigan, the fate of your retirement accounts is a concern. After all, you spent your entire life building this nest egg to live on when you retire, and the idea that these funds could disappear...
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...
Some couples are partners in marriage and partners in business. If the business is marital property, it will be divided equitably between the spouses if they decide to divorce. Marital property Generally, marital property includes property acquired by either spouse...
Buying a home is often considered a milestone for many married couples. However, if you decide to get divorced, determining what happens to the home can be one of the greatest challenges of your divorce. In Michigan and other equitable distribution states, a home...