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Divorce is rarely straightforward, and dividing marital property can add another layer of complexity. Michigan follows equitable distribution, meaning a fair split rather than a strict 50/50 division. Interestingly, age can influence how the property gets divided....
In a high-asset divorce, it is important to stay alert to the chance that your spouse might hide money or property. Divorce cases often reveal secret financial assets that one person may try to keep hidden. To ensure a fair division of property, it is important to...
Michigan law recognizes the concept of separate property, which refers to assets one spouse acquires before the marriage or obtains through inheritance or gifts during the marriage. The general principle is that each spouse maintains ownership of their separate...
A prenuptial agreement can significantly impact property division in Michigan. Couples can create these legal contracts before marriage to outline how they will split assets and debts in a divorce. Understanding the effect of a prenup on property division can ensure a...
If you are going through a divorce, property division is an important focus. However, some spouses hide assets to avoid having to share them with the other spouse. If you suspect that your spouse is not being fully transparent about finances, there are some common...
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...
