Divorce can be an emotional and challenging experience, and financial stability plays a big role in navigating this transition. Alimony, also known as spousal support, can provide financial assistance to one spouse after a divorce. If you are going through a divorce...
Bloomfield Hills Michigan Family Law Blog
How can commingled assets affect your business in divorce?
Commingled assets happen when you mix business and personal finances, like using company funds for personal costs or personal money to pay business bills. While this may have been the best decision when starting a new business or during financial emergencies, it can...
How your divorce can affect your business
A divorce can bring significant changes to many parts of your life, including your business. If you own a business in Michigan, understanding how a divorce could affect it is crucial. Taking steps to protect your business can help you navigate the process and minimize...
How to divide intellectual property assets in high-asset divorces
High-asset divorces often involve complex property division issues, including the division of intellectual property (IP). Intellectual property, such as patents, trademarks, copyrights, and royalties, is often a valuable asset. Understanding how these intangible...
At what age can a child refuse to see a parent in Michigan?
Custody and visitation can be a hot topic during a divorce or breakup. A lot of the time, the courts get involved to help make decisions. The court uses several factors to decide who the child resides with and how often they see them. Michigan law does not provide a...
How does remarriage affect alimony in Michigan?
Alimony payments often raise questions. This is especially true when one of the former spouses remarries. Understanding how remarriage impacts these payments helps clarify financial responsibilities for both parties. While alimony arrangements vary case by case,...
What is asset dissipation?
In the context of a high-asset divorce, asset dissipation occurs when one spouse deliberately reduces the value of the marital estate to prevent the other from receiving a fair share during the divorce. This behavior can involve reckless spending, hiding money, or...
3 things to know when dividing luxury assets
High-asset divorces can be complex, particularly when dividing luxury assets. Couples going through a divorce often face unique challenges when splitting high-value items like yachts, expensive art, and jewelry. Understanding these complexities can make the process...
Your marital home matters in high-stakes decisions
The marital home is typically the primary residence where the couple lived during their marriage. As a marital property, it is subject to division when they divorce. The definition of a marital home can become complicated in cases with multiple properties, mainly...
How does age affect property division in divorce?
Divorce is rarely straightforward, and dividing marital property can add another layer of complexity. Michigan follows equitable distribution, meaning a fair split rather than a strict 50/50 division. Interestingly, age can influence how the property gets divided....