When a professional with a well-funded 401(k) faces divorce, their first priority might be the preservation of that account. In some cases, directly dividing the 401(k) is necessary due to a court order or to an agreement between the account holder and their spouse....
Relocating after a divorce can get complicated for parents if they share custody of their children. Deciding to move means that parents have to consider not only what is best for them, but also what is in the child’s best interests and how the move affects the other...
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,...
People who are married often invest in a home, and it’s likely one of the largest assets they own. The asset that they worked hard to purchase can become a major source of contention if the couple decides to get a divorce. In Michigan, property is divided using...
Parents who are going through a divorce have to find a way to communicate effectively, which isn’t always easy. In some cases, you and your ex may have a lot of grievances with each other because of the end of your romantic relationship. It’s critical that you take...
Alimony, also known as spousal support, can play a critical role in making the outcome of a divorce as fair as possible. If one spouse made professional sacrifices for the family or if the spouses have vastly different incomes or personal holdings, the courts may...
Divorce becomes significantly more complex when children are involved. Beyond separating finances and property, parents must make decisions that shape their child’s daily life, long-term stability and emotional well-being. Courts focus on the best interests of the...
Parents who share physical custody or parenting time are often subject to a specific schedule. They either negotiate their own arrangements breaking down the overall division of parenting time or work to establish arrangements with the help of a judge. The baseline...
Five years ago, you and your spouse decided to start a small business in Michigan. It was very successful and it has become the main income stream for both of you. You both work at the company on a daily basis. However, your spouse has now decided to file for...
When couples going through a contentious divorce are deciding how to divide their property, they sometimes end up fighting to keep items they don’t need or want just to keep their soon-to-be ex from “winning.” Unfortunately, that competition can sometimes extend to...