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Couples who are financially well off usually have a prenuptial agreement to protect each other's assets. However, if you did not have an agreement or you earned your wealth after marrying, then you may wonder what will happen if you divorce. WealthMangement.com...
Throughout long-term marriages, couples often amass wealth and assets as they build their lives together. The accumulation of their marriages may lead to issues, however, if they choose to get divorced later in life. According to CNN.com, between 1990 and May of 2021,...
Most of the issues you face during your divorce involve reaching an agreement that is fair to both you and your spouse. However, matters involving custody and parenting time also have to be fair to your child. Michigan courts use the child's best interests to...
Michigan's statutes generally classify all income earned during a marriage as a couple's shared marital property. If an individual has reason to believe that a soon-to-be ex-spouse has hidden assets, the divorce process could uncover them. As reported by CNBC, a...
The end of any marriage is rarely easy, as both spouses must deal with some type of emotional fallout. While posting photos or messages to social media may be an easy way to find support or even to blow off steam, you must be careful not to allow your online presence...
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...
Parallel parenting is one of many potential parenting options that you can take a look at when handling your post-divorce situation. It can provide you with a good transfer point between your marital life and your life after divorce. What is parallel parenting,...
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...
Because you and your current spouse completed your divorce after 2018, you must understand how current tax laws affect your alimony payment. Payors no longer deduct tax payments, and recipients no longer pay taxes on payments. Forbes offers tips for minimizing your...
Michigan divorce proceedings encompass a variety of processes. They often include issues such as child support, custody and dividing property equitably. Working out the details can become frustrating if you or your spouse have ownership in a business and both of you...
