Recent studies indicate that second or third marriages are more likely to end in divorce. A piece in the New York Times touches on the issue, noting the increase in divorce rate for these marriages may be tied to increased longevity.
The process of ending a marriage can be challenging, especially later in life. Many couples have funds or investments dedicated to retirement, which can lead to complicated proceedings. This may be especially crucial in a high asset divorce, where the outcome will likely have a direct impact on future finances. A person in Michigan who is facing a similar situation may find it beneficial to seek legal advice early on in the process.
There are several different aspects that may require attention when facing the end of a marriage. Division of property and assets can have a direct impact on a person's financial future and can often be complex. This may be essential to people who are going through a high asset divorce in Michigan, and many seek legal counsel early on for assistance in navigating the process.
Ending a marriage can often be an emotional process. This may be especially true in a high asset divorce, where each person has more on the line. Couples who are married in Michigan often expect to spend the rest of their lives together, and when a marriage ends, they are often unprepared for what follows. For people who are facing a similar situation, it may be advisable to seek legal assistance early on for advice on how to proceed.
Divorce is always difficult, but when high assets are involved a single mistake can translate to big losses. One mistake to avoid is failing to take certain assets into consideration when dividing marital assets during the divorce proceeding.
Divorce can be an intimidating process. Breaking it down into tangible portions can help make it more manageable.