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Retirement funds often become a focal point during the property division phase of a divorce. You may wish to brush up on applicable laws to increase your comfort level because dividing retirement accounts can become a complex process. Understanding the QDRO A...
Divorce is a major event for any couple, and the idea of facing property division can seem overwhelming. Preparation is key. Here are four tips to help you get your finances in order so you can approach the task of dividing assets with greater confidence. 1. Gather...
Some divorces proceed amicably with each spouse being open about the assets they own to ensure a fair division of marital property. Unfortunately, this is not always the case. You may have reason to suspect that your spouse is hiding money from you. You could be at a...
Over the course of a long marriage, you have no doubt acquired significant assets. Perhaps you have also built the most valuable asset: your family business. As you face the property division phase of your divorce, you worry about the disposition of the business. Here...
Divorce can completely change the trajectory of your finances. You might feel concerned about your ability to protect the value of your investments. Strategic, dignified actions throughout divorce proceedings may help you retain some control. Careful planning could...
As noted on the Michigan Legislature’s website, retirement benefits earned in marriage become part of a couple’s marital estate. If you or your soon-to-be ex-spouse contributed to a retirement plan, annuity or pension fund, it may divide with your divorce. Under...
As a person going through a divorce, you will soon have to deal with asset division. This is the combination and then division of your assets, which can include your annual income, side hustles and physical items or properties. Due to the high stakes during asset...
Whether you inherited a family business that you want to keep in the family or you do not want your soon-to-be-ex-spouse to get any share of the entity you worked so hard to build up, it is important that you take steps sooner rather than later to protect your...
Following is a divorce scenario that rings true for some impending exes in Michigan and elsewhere. To wit: Your spouse consistently racked up purchases on a credit card during marriage in keeping with someone who won a national lottery. Alas, no winning ticket every...
A common misconception is that the financial status of a husband can reliably predict divorce. If it is too low, the theory goes, a couple is more likely to divorce, presumably because the husband is not living up to the expectation of being a breadwinner. As is often...
