Divorce is a fact of life for many Michigan couples. As a part of the process, many decisions regarding assets, debts and other factors must be taken into consideration. Perhaps one of the most important decisions that must be made in many divorce proceedings are the ones regarding child custody.
Types of child custody in Michigan
Property division has significant financial implications
The decision to end a marriage can be a difficult one to make for many Michigan couples. Often, the decision boils down to finances. Although one of the individuals may truly want a divorce, financial concerns play an important role in the final decision. The individual is concerned about how property division will affect his or her life going forward.
Find out if your spouse is hiding assets
While virtually every divorce comes with some amount of contention and complexities, if you and your spouse have high-value assets, the complications might be exacerbated. Divorces that involve complex assets have unique challenges that you should understand and anticipate. One such challenge is the possibility of your spouse hiding assets to prevent them from being fairly divided. Learn the warning signs of hidden assets and how to use legal tools to find them.
Happily ever after, prenuptial agreements and property division
The question has been asked and answered, the dress bought and the attendants selected. On the surface, it looks like the Michigan couple is well on their way to happily ever after. However, statistics show that not every one of these couples will actually accomplish this goal. At some point, a significant portion of these couples will be discussing property division along with all the other items that go with divorce proceedings.
How is child support determined in a Michigan divorce?
Children are expensive. Add to this a sudden change in income due to a divorce, and many Michigan parents often wonder how they will be able to provide for their children after a divorce. In order to address this situation, the state of Michigan has guidelines in place to direct the courts in determining the appropriate amount of child support that should be paid.
What factors do Michigan courts consider when making child custody decisions?
In an ideal situation, couples will be able to enter into the divorce process with a willingness to cooperate with one another and a commitment to reaching the best possible parenting time arrangement for their children. The reality is that many couples are unable to do this and court intervention becomes necessary.
