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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...
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...
