You and your spouse intended to grow old together, and your financial preparation reflects that. Now that you are divorcing, you are prepared to divide your property, but you may not know what will happen to your retirement accounts. Divorcing couples usually have a...
Property Distribution
Where to look for hidden assets before property distribution
When high net worth couples in Michigan decide to file for a divorce, one spouse may go to great lengths to conceal some assets. This is often done because one spouse feels specific assets belong to him or her, and should not form part of the property distribution...
Property distribution: Options re business interests in divorce
Many individuals place a great deal of time and effort into making their business into a successful enterprise. When facing divorce, business owners may have concerns about how the process of property distribution might impact the future of the company. Owners may...
Property distribution: Avoiding unnecessary tax penalties
Dissolving a marriage can be a highly emotional and challenging process, regardless of the age of those involved. However, for individuals in Michigan who have accumulated substantial amounts in retirement accounts, there may be additional factors to consider before...
Property distribution: Unraveling the financial ties of marriage
Throughout the course of marriage, the financial standings of a couple in Michigan and elsewhere may become intertwined. In the event of a divorce, untangling finances can often be a complex process. For those who are facing a similar situation, considering every...
Identifying ownership of assets prior to property distribution
For a couple who possess a considerable amount of property and assets, divorce can be a complex process. With so much at stake during this period, crucial areas such as property distribution are often highly contestable topics. In equitable distribution states, like...
2 types of assets and their impact on property distribution
Many couples accumulate a great deal of property and assets throughout the course of marriage. At the time, the sheer amount of property owned by a couple may go unnoticed. However, if a couple decides to part ways, they will likely have to take inventory of every...
Factors to consider concerning property distribution in Michigan
The end of a marriage may be one of the toughest life events an individual will ever have to face. There are various aspects of the process that can be stressful and challenging, such as the division of property and assets. For couples in Michigan who are of...
Awareness of assets vital for property distribution in Michigan
There are many different factors to consider when choosing to end a marriage. One of the main concerns of a person who is going through a divorce in Michigan is likely property distribution. The situation may become increasingly complicated with a...