When high net worth couples in Michigan decide to file for a divorce, one spouse may go to great lengths to conceal some assets. This is often done because one spouse feels specific assets belong to him or her, and should not form part of the property distribution process. In some cases, secret financial activities, bank accounts and investments were concealed throughout the marriage. In any divorce, both spouses have the right to a fair settlement.
Navigating the divorce process in Michigan or another state typically involves several types of challenges, including negotiating terms for new parenting plans (in cases that apply) as well as property division issues and/or spousal support. When existing assets are of higher-than-average value, things can get complicated. This is known as a high asset divorce; it is also the type of divorce where most people choose to seek experienced legal support.