In high asset divorces, in particular, property division can be a contentious and extremely complicated process. Yet complex property division should not mean that you have to worry about whether your spouse is attempting to hide assets, or whether your spouse is...
Year: 2019
Dividing Valuable Collections in Your Michigan Divorce
Many Michigan couples enjoy building collections of great value during their marriage, such as art collections, coin collections, rare book collections, sports collections and other types of collections. When those couples decide to get divorced, much of the...
Potential Drawbacks of Keeping the House in Your Divorce
When you are planning for a divorce in Michigan, one of the major issues you are likely contemplating is how your property will be divided. As you may know, under Michigan law, courts use a theory of equitable distribution to divide marital property. This means that...
Five Tips for Michigan Divorces and Estate Planning
When you are considering a divorce, it is important to think beyond the immediate issues of property division, alimony, child support, and child custody. While you will need to focus on the central issues in your divorce, it is also essential to think about how other...
What is Discovery in a Michigan Divorce?
The divorce process in Michigan can be complex, especially when two parties in a long-term marriage are seeking a divorce, or when there is a high net worth divorce with substantial assets. While some divorces can be relatively straightforward if there are limited...
How to Prevent Your Spouse from Hiding Assets in Your Divorce
In a Michigan divorce, both parties are required to provide detailed information about assets and liability for the purpose of property division. Yet, as an article in Forbes explains, sometimes one spouse will try to hide assets, and there are serious consequences....
What Happens to Inheritances in a Divorce?
One of the major points of contention in most divorces is property division. Under Michigan divorce law (MCL 552.6), only marital property gets divided in a divorce. This means that any separate or non-marital property is not subject to division-each spouse gets to...
Divorce and Psychology: Emotional Losses You Might Not Expect
While divorce often is the best option for parties who are struggling in a marriage, it is nonetheless important to anticipate the losses that will accompany your divorce. In addition to certain financial losses or difficulties, many divorces result in other types of...
Enforcing a Divorce Agreement or Judgment
The process of getting divorced in Michigan often can be contentious, and both parties can feel angry and frustrated even when they know that the process will soon be completed. For many Michigan residents who are dealing with a divorce, knowing that an experienced...
Who Will Get the Retirement Benefits in the Divorce?
Getting divorced in Michigan, especially after a long-term marriage or when the parties are nearing retirement age, can raise financial concerns about the property settlement and division of marital property. In particular, if one or both parties have substantial...