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Dealing with cryptocurrency during a divorce can add complexity to an already challenging process. Cryptocurrency presents unique issues when it comes to dividing assets between spouses. Understanding how to navigate the division of cryptocurrency assets helps ensure...
Getting divorced as someone with a high net worth can come with its own set of benefits and advantages. Divorce is often seen as a challenging and emotional process. However, for individuals with substantial assets, there are certain perks that can make the transition...
Divorce can feel like navigating a stormy sea. This is especially true when it comes to wealth protection. Ensuring assets remain intact requires careful planning and smart strategies. Thankfully, you can create a protective bulwark against the economic difficulties...
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...
Property division in high-asset divorces can often be intricate. As couples grapple with evaluating and dividing assets of significant value, disputes may arise over their classification as separate or marital property. Valuing complex assets, such as businesses or...
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...
Alimony, or spousal support, addresses financial imbalances post-divorce by supporting the lower-earning spouse.. Factors including each spouse's income, the duration of the marriage and the recipient's needs determine the amount and duration of alimony. In Michigan,...
Gray divorce, or the dissolution of marriages among those 50 and older, has become increasingly common. Its consequences often extend beyond emotional and familial aspects. An important area gray divorce affects is the standard of living for both men and women...
A 2022 Harris Poll found that roughly 40% of engaged or married couples between the ages of 18 and 34 have signed a prenuptial agreement. A prenuptial agreement is a practical step for couples looking to enter into marriage with a clear financial understanding and...
When a divorce involves significant assets, the financial landscape becomes even more intricate. In Michigan, high-asset divorces carry unique tax implications that both parties should carefully consider. Understanding these tax consequences is necessary to make...
