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In a high-asset divorce, it is important to stay alert to the chance that your spouse might hide money or property. Divorce cases often reveal secret financial assets that one person may try to keep hidden. To ensure a fair division of property, it is important to...
Michigan law recognizes the concept of separate property, which refers to assets one spouse acquires before the marriage or obtains through inheritance or gifts during the marriage. The general principle is that each spouse maintains ownership of their separate...
Alimony, or spousal support, addresses financial imbalances post-divorce by supporting the lower-earning spouse.. Factors including each spouse's income, the duration of the marriage and the recipient's needs determine the amount and duration of alimony. In Michigan,...
Gray divorce, or the dissolution of marriages among those 50 and older, has become increasingly common. Its consequences often extend beyond emotional and familial aspects. An important area gray divorce affects is the standard of living for both men and women...
When a divorce involves significant assets, the financial landscape becomes even more intricate. In Michigan, high-asset divorces carry unique tax implications that both parties should carefully consider. Understanding these tax consequences is necessary to make...
A prenuptial agreement can significantly impact property division in Michigan. Couples can create these legal contracts before marriage to outline how they will split assets and debts in a divorce. Understanding the effect of a prenup on property division can ensure a...
According to the U.S. Census Bureau, Michigan residents went through 20,812 divorces in 2022. Navigating a divorce is challenging on many levels, with financial concerns often at the forefront of the process. Understanding how to protect your wealth becomes important...
Divorce in Bloomfield Hills, MI, can be challenging and emotionally draining, especially when it involves significant assets. Once the dust settles, you may need to rebuild your financial life to some extent. The first step is to assess your current financial...
Parenting is often challenging, especially when it comes to co-parenting after a divorce. Accordingly, a solid parenting plan can help ensure a smooth transition. A reliable parenting plan will include lots of details, as well as cover many diverse topics and...
Divorce is a life-changing event that can be especially complex and stressful when it involves high-value assets. For homemakers who have spent their time managing the household and raising children, divorcing a wealthy spouse can bring about unique challenges. To...
