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...
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Property Division
When is non-marital property divided in a divorce?
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...
Property division is made more difficult with cryptocurrency
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...
Dividing a family business in divorce
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,...
Know your options for the family home in your divorce
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...