March is a busy month for many Michigan families. In addition to the many activities that each family member is involved in, March is also one of the busiest months for divorce filings. Some couples have battled through the holiday season and have finally decided that things will just not work out. For many, decisions regarding property division, child support and child custody are the only items left in the relationship.
Child custody and divorce are prime topics during month of March
Dividing a business in a Michigan divorce
Dividing property in a divorce can be complicated and contentious even when complex assets are not involved. However, divorcing spouses who own a business often face even more questions when it comes to how to properly divide property in divorce. Here are some things to keep in mind when it comes for how to proceed:
Prenuptial agreement assists in property division planning
The prenuptial agreement is often thought of as something that only wealthy individuals need to consider. However, as more Michigan couples over 50 decide to marry, the prenuptial agreement is becoming an important tool for this age demographic. For many of these individuals, the decision to marry carries with it concerns regarding property division in the event of divorce or death.
High net worth divorce battle escalates over earrings
Any divorce can be volatile, but when a couple is facing the division of millions in assets, things could easily become contentious. In Michigan and many states, courts divide assets equitably, though not necessarily equally. When dealing with high net worth, it may be arguable what the two parties consider a fair division of their marital property.
Equal child custody benefits even the youngest children
Psychologists have long believed that infants and toddlers are better off spending most of their time with their mothers. This often leaves divorced fathers in Michigan with limited visitation until children are older. However, a recent study reveals that when fathers have child custody from the earliest years, the children benefit in many crucial ways.
