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...
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Property Division
What should you know about hidden assets?
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...
How can you protect your business in divorce?
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...
Your spouse piled up credit card debt: Are you on the hook for it?
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...
What is the true value of housework in a marriage? One study suggests the answer may depend on gender.
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...
