Move Forward With Their Lives
When the decision to divorce becomes unavoidable, a cascade of questions follows. Who gets the house? How will this affect the children? What happens to retirement accounts? Before these questions can be addressed, however, an even more fundamental decision looms: who...
Dividing property during a divorce is often a difficult experience. While people understand that they have to share their resources with their spouses, it can be hard to watch the net worth of the household shrink rapidly. Certain types of assets may be particularly...
Every individual preparing for divorce is managing unique circumstances. The length of the marriage, their earning potential and other specific factors from the marriage can influence the outcome. For many couples in Michigan, the most contentious aspect of a pending...
Most personal resources are at risk during divorce proceedings. State equitable distribution statutes require that spouses divide the property and income they acquired during the marriage when they divorce. Some assets can be difficult to address because people have...
Most people get married with the assumption that the union will last forever. They don’t expect that they’ll end up going through a divorce, but things sometimes happen and marriages break down to the point that they can’t be saved. For those who live in Michigan,...
Going through a divorce generally requires the division of all assets that were acquired during the marriage. This can be a long and drawn-out process, especially if there are considerable assets involved. It’s crucial that anyone who is going through this process...
A significant part of divorce is deciding how to divide property and money that a couple shared while married. While it might be tempting for one partner to hide assets during this process, doing so is not only unethical but also illegal. The recent case involving...
Divorce settlements are legal agreements between divorcing spouses to resolve issues such as property division, child custody, alimony and child support. Divorce settlements become legally binding contracts once finalized and approved by the court. Divorce is rarely...
On the whole, the number of divorced adults living in Michigan is about 9%. But this reality is not reflected evenly across the entire state. For example, in East Lansing, there is just 2% of the population is divorced. But in other parts of the state, the rate of...
Divorce can be a minefield, and it can get even trickier when a family business is in the mix. Enter sudden income deficit syndrome (SIDS) – a term you might not find in your typical finance textbook, but one that can be critically important in divorces involving a...