How Are Assets Divided In A Michigan Divorce?
In Michigan, marital property, assets and debt are divided equitably. Equitable does not mean a 50-50 split; rather, it means a fair determination based on specific factors. A Brighton attorney from our law firm can ensure a reasonable division is made in your best interests.
Our Livingston County based property division lawyers have more than 45 years of combined experience seeking the best possible resolutions for our clients in Howell, Brighton and statewide. At Gormley Law Offices, PLC, we are trial lawyers who do not litigate just for the sake of litigating. We develop negotiation and trial strategies with our clients’ best interests in mind. Call 517-219-9301 for a no-cost, no-obligation consultation.
We Protect Your Financial Future
Our attorneys vigorously seek the most reasonable outcome on behalf of our clients during the divorce process. To do so, we begin by identifying marital property. For example, we will look at who owned the house and cars prior to the marriage. Our attorneys spend ample time with each client, gaining an understanding of the breakdown of the marriage, the spouse’s spending habits and any fault on the part of the other spouse. Faults — such as adultery — can affect property division.
We obtain a clear understanding of the following factors to craft a fair property settlement agreement:
- Marital property
- Separate property
- Length of marriage
- Value of assets
- Value of home
- Inheritances received during the marriage
- Value of home equity
- Value of business
- Child support
- Spousal support
Whenever necessary, we work with experts to trace assets and perform business valuations. If the other party is attempting to hide or misrepresent assets or income, we can find the accurate amount. We can also work with you to properly divide your retirement assets and draft QDROs.
Learn More About Protecting Your Assets In A Divorce
Would you like to speak with an attorney regarding division of property and assets? We serve clients throughout Brighton & Howell and surrounding areas. To schedule your free consultation, call 517-219-9301. You may also reach us online. Our office hours are 9 a.m. to 5 p.m. Monday through Thursday, 9 a.m. to 4 p.m. Friday, with weekend and evening hours by appointment.