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It may be disheartening to hear that your beloved pet is simply seen as another piece of property in Michigan subject to asset division in a divorce. If you adopted your pet when you were married, it may be awarded to you or your spouse not unlike the sofa or the...
Property division is a major part of most Michigan divorces, but sometimes people forget that dividing debt is also part of property division. Michigan law states that marital property is divided equitably, or fairly, between both spouses. The same goes for marital...
Pre- and post-nuptial agreements have never been sexy. Indeed, a lot of reality television revolves around one party wanting one, and the other party hating the idea. Somehow, these legal documents have become a taboo topic. But, it should not because a bit of...
Any single issue can become a hang-up in divorce cases in Michigan, from child custody and support to alimony and property division. However, for many people, the property division issue is crucial. There is a recognition that the manner in which the property division...
If you’re going through divorce, then one of your concerns is probably how you’re going to get by financially once your marriage is dissolved. This is an understandable worry. After all, many Michigan residents who get divorced find themselves going from two salaries...
People in Michigan acquire property at various stages of their lives. They may also start bank accounts, retirement accounts or investment accounts at a young age and continue growing them throughout their lives. For the most part it does not matter when people...
In a Michigan divorce, property division often arises as a topic for dispute. In the past, that has meant people were deciding how to split financial accounts, real estate, automobiles, collectibles, a business and more. While these are still part of a great many...
In every Michigan divorce, the spouses must disclose all their assets and debts, determine what is marital property and what is separate property, and then divide the marital property according to state law. Generally speaking, the more complex the marital property,...
There’s a lot at stake in a divorce. For many people, the financial ramifications of marriage dissolution are the most concerning. That’s because your marital assets will be divided equitably, which means that assets will be divided fairly, not equally. You can retain...