High-Asset Divorce

Like legions of other married Michigan couples, you perhaps share a bank account with your spouse and readily appreciate its many upsides. Like simplified finances, for example. A joint account enables a couple to pool resources and independently transact as though...

A multitude of scenarios can emerge in Michigan divorces involving outstanding student debt obligations. Here’s one: You amassed some level of debt on that climb toward graduation, but your spouse did not. Or, conversely, both of you took out loans. And here’s...

So-called “high net worth” or “high asset” divorces in Michigan often entail more complexity than other marital splits. And that is understandable. There is obviously more at stake financially where significant property is in the distribution mix. Michigan is an...

If you can’t adequately explain why you are a strong proponent of prenuptial agreements (candidly, those contracts do have an enduring image problem across a swath of the general public), you might just want to hand the baton off to Erin Lowry. Lowry is a financial...

The financial publication Kiplinger notes in a recent article that “divorce rates are expected to rise sharply in 2021.” We don’t imagine at the established Oakland County family law firm of Hauer & Snover in Bloomfield Hills that a declaration like that surprises...

About 83% of American couples reportedly endorse the view – and understandably so, of course – that financial honesty with their spouse or significant other is a good idea. Yet approximately one-third of thousands of respondents in a recent survey on relationships...

You’ve unquestionably got some valid concerns if you are a divorcing Michigan spouse who just happens to own a successful business. We prominently note those concerns at the established Michigan family law firm of Hauer & Snover in Bloomfield Hills. We underscore...

Child support in a Michigan divorce is far from being determined via a cookie-cutter formula that is routinely applicable in all cases. In fact, support outcomes are highly variable and dependent on circumstances that are flatly unique in every instance. A court will...

Michigan family law authorities adopt the common national stance that children in divorce are generally best served post-dissolution by continued meaningful contact with both parents. Michigan statutory law underscores the possibility of joint parental custody, which...

Michigan law requires that divorcing spouses divide marital wealth equitably. In a word, that means fairly. Although a fair property distribution doesn't necessarily mean a close-to-precise accounting, it will turn out in most cases that asset division ultimately...