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....
Divorce
Places your spouse could be hiding assets during your divorce
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...
Your divorce and the correct distribution of retirement funds
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, property division and the fate of the family business
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...
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...