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When dealing with a high-asset divorce, uncovering hidden assets can be one of the most challenging aspects. If one spouse tries to conceal or hide assets to avoid a fair division, the entire process becomes more complicated. Understanding how courts handle these...
Dividing property during a divorce can be complicated, especially when it comes to real estate. In Michigan, the court follows the principles of equitable distribution. This means the division is fair but not necessarily equal. If you are going through a divorce,...
Dividing valuable collections, such as art and antiques, during a high-asset divorce can be a complex process. Ownership disputes, valuation challenges, and tax implications all play a role in determining how these assets are distributed. Understanding key legal and...
Dividing assets during a divorce can be challenging, especially when it comes to retirement accounts and pensions. Michigan law outlines specific processes to ensure fair distribution, but understanding how these rules apply can help protect your financial future....
Commingled assets happen when you mix business and personal finances, like using company funds for personal costs or personal money to pay business bills. While this may have been the best decision when starting a new business or during financial emergencies, it can...
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...
