Most anyone in the high-income bracket isn't there because they are lucky. They tend to know what it takes to maximize revenue potential and minimize financial liabilities. In some cases, this might mean following strategies to hide assets from public view.In the...
Bloomfield Hills Michigan Family Law Blog
Getting divorced and don’t know what to do with your timeshare?
You have many things to consider as you file for divorce. You may need to put child custody arrangements and support agreements in place. And like most couples, you and your soon-to-be ex must also make choices about how you will divide your property. As you work to...
Divorce: Does timing matter?
Whether initiating or not, those who are in the midst of a divorce likely have many questions. One question to take into consideration: does the timing of my divorce matter?In short, the answer is yes — when you get divorced matters. More specifically, the date...
Spousal support and divorce in 2019
There has been a change to the United States tax system with the implementation of the Tax Cuts and Jobs Act (TCJA). This law resulted in major tax reform. The TCJA essentially doubled the standardized deduction rate and gave business owners new rules to follow when...
Ask these 3 questions before moving forward with a gray divorce
Recent data shows one out of every four couples going through a divorce is over the age of fifty. This has become so common it has its own name: the gray divorce. While many couples state they were simply waiting for the children to begin their own, adult lives...
Billions at stake: The importance of a prenup
Jeff Bezos, CEO of Amazon, is a business mogul. Those who aspire to become giants within the business world would benefit from lessons from this mastermind. Unfortunately, one of the most important lessons he may teach the public is through a mistake in his personal...
Thinking of Divorce in the New Year? You Are Not Alone.
Divorce rates spike after the holidays. This is true both after summer and winter breaks. Researchers point to many possible reasons for this increase. Perhaps the stress of the holidays with extended family and travel was the deciding factor. Others say couples...
Divorce in 2019: One key change that could impact negotiations
Anyone considering a divorce or in the early phases of the divorce process will likely finalize the divorce in 2019. The date of the final divorce agreement is important as it will determine which tax laws apply. Those that finalize their divorce in 2019 will likely...
Child custody disagreements & holidays: Three resolution options
Child custody disagreements tend to peak between Thanksgiving and New Year’s Day. It is not uncommon for parents to feel a need to be with children and share traditions. This desire can collide with the reality of the agreed upon child custody arrangement. There...
University professor tries to hide assets during divorce
Those who go through a divorce may have concerns the other party will attempt to hide assets. Although it sounds like a plot out of a Lifetime movie, such attempts are not uncommon. People can attempt to hide assets with third-parties or with use of false documents. A...

