Whether you are thinking about ending your marriage as an older adult, or are currently in the middle of the divorce process, you could have a number of different issues to work through. Sometimes, older adults have an especially difficult time dealing with divorce...
Call Us Today for A Consultation
High-Asset Divorce
Could a separation contract work in your divorce?
Couples who are financially well off usually have a prenuptial agreement to protect each other's assets. However, if you did not have an agreement or you earned your wealth after marrying, then you may wonder what will happen if you divorce. WealthMangement.com...
3 things to know about getting divorced later in life
Throughout long-term marriages, couples often amass wealth and assets as they build their lives together. The accumulation of their marriages may lead to issues, however, if they choose to get divorced later in life. According to CNN.com, between 1990 and May of 2021,...
How some spouses get caught when they try to hide assets
Michigan's statutes generally classify all income earned during a marriage as a couple's shared marital property. If an individual has reason to believe that a soon-to-be ex-spouse has hidden assets, the divorce process could uncover them. As reported by CNBC, a...
Tips for maintaining privacy during divorce litigation
Michigan divorce proceedings encompass a variety of processes. They often include issues such as child support, custody and dividing property equitably. Working out the details can become frustrating if you or your spouse have ownership in a business and both of you...
Bring that proverbial shovel: digging up divorce-tied marital assets
Do you know what a “restricted stock unit” is? If so, kudos. That knowledge might just pay off for you in a literal sense if you are headed for a Michigan divorce. And if you don’t know what it is and lack the inclination to learn or know whether it might be a factor...
Joint bank accounts: sometimes a double-edged sword
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...
Student loan considerations in a Michigan divorce
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...
Logical focus on a business in many high-end Michigan divorces
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...
Opinion: Prenups are overdue for positive consideration
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...
