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Dear Professor Lex

I am involved in a case where an order was entered. The order was signed and approved by opposing counsel and me as to form and substance. Now opposing counsel has indicated to me that he is going to make a motion to set aside the order. Do you believe the order bars him from bringing the motion?

Will my child's extracurriculars be covered by child support?

Through hard work and determination, you and your spouse have enjoyed a financially healthy marriage. Your children take part in a number of activities after school that cost a lot of time and money, but you are fortunate enough that you can afford it. Then it happened, your bread-winning spouse asked for a divorce. You may now be wondering how you will pay for all your child's extracurriculars on your now reduced income.

A practical approach to a high-asset, high-stakes divorce

Are you planning to divorce in the near future? Even if you have not yet filed, there are various things that you can do to prepare yourself for the process that lies ahead. It can be immensely useful to prepare well for a divorce, especially when there are high-value assets or significant money at stake.

How will commingling assets affect property division outcomes?

As a wealthy individual, you likely enjoy the comfort you have obtained from amassing your fortune. Of course, reaching this point in your personal and financial life may have taken a considerable amount of time and independent work. As a result, you may wonder what will happen to your assets now that you are going through divorce.

Is the end of your marriage the end of your business?

A divorce is sure to impact almost every area of your life, including your professional life. This is particularly true if you are a small business owner in Michigan and you have concerns about how the end of your marriage will impact your business. Fortunately, a divorce or potential divorce does not necessarily have to mean the end of doing business as you know it. 

Controlling eagerness and emotions may help avoid divorce regret

The end of a marriage can be a complex process that is fraught with emotions and uncertainty. If you are facing divorce, you might have concerns about how it will impact your financial future, perhaps especially if you possess a considerable amount of wealth and assets.

Appropriate asset valuation and what that means for your divorce

When facing the prospect of a divorce, Michigan couples are naturally very concerned with their post-divorce financial stability. For divorces involving valuable assets or other high-stakes property, it is crucial to tread carefully when disclosing marital assets and negotiating terms of a property division agreement. 

Creating an enforceable prenuptial agreement

Prenuptial agreements, also known as antenuptial agreements, are not romantic but they can be pragmatic. This is particularly the case when one or both spouses are bringing significant assets into the marriage, or if one or both spouses own businesses. Other situations that may merit a prenuptial agreement include a second or subsequent marriage or a situation where one spouse is likely to inherit substantial assets. A carefully -drafted prenuptial agreement will clearly state which property is separate property and which property is marital property. Sometimes couples will enter into postnuptial agreements. These agreements function largely the same way as prenuptial agreements, but are signed after a couple gets married.

4 tips to protect a business during divorce

Divorcing couples have a lot of assets and property to divide. If either or both of you are business owners, your company is probably one of the most important concerns during the divorce. Even if you started the business before you were married, your spouse may have a claim to part of the company because of its increasing value during the marriage. However, you can take steps to protect your interests in keeping the company through the divorce.


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