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While high asset divorce cases and those for middle or low-income couples may have a lot of different aspects to them, in general, there are specific aspects that are the same regardless of income level. The American Psychological Association explains no amount of...
If you are like most divorcees, you may worry about what your financial outlook is following the breakup. According to U.S. News, divorce can put a strain on your finances. However, you may be surprised by how the divorce impacts your credit score. Changes in the...
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...
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...
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,...
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...
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...
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...
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...
