The writing is on the wall and both individuals know that the marriage will probably not last much longer. Once reality sets in, it is time to start thinking about one's financial future and how the property division process can have a lasting impact. For many Michigan couples, separating the financial aspects of the marriage can be a challenge.
Financial aspects of property division
Michigan child support payments now easier to make
Convenience can make a difference. Across the country, the excuses for not making child support payments are almost as prolific as the delinquent payments themselves. However, the state of Michigan has been working to eliminate some of these excuses.
Property division concerns for older divorcee
"Can I afford a divorce?" This is the question than goes through the minds of many older Michigan residents as they contemplate ending an unhappy marriage. In order to answer this question, it will be necessary to review the current financial situation and all elements that will be involved in the property division part of the proceedings. This will also include any alimony, child support and child custody concerns.
3 problems that lead divorcing couples to mediation
Mediation is gaining ground over traditional divorce, and there are three main reasons. First, the cost of working out the divorce settlement can be extremely high. Second, settlements often do not last, and third, a bitter divorce takes a toll on the parties in terms of emotional trauma.
Property division and the prenuptial agreement
The location has been selected, the cake tasted and the dresses ordered. It appears that everything for a perfect Michigan wedding is coming together. Yet, one important part of the planning process that is sometimes overlooked is planning for future possibilities. Sometimes the unthinkable happens, and death or divorce creeps in. With this possibility in mind, it is important that the happy couple discuss property division issues as a part of the wedding planning process.
