A Michigan representative is lobbying for change regarding how much time parents get to spend with their children after divorce. A bill has been proposed that may change the face of child custody law throughout the state. Those supporting the bill say the current system basically pits parents against each other in a legal contest to prove which one spent more time with their kids during the marriage.
Child custody situations may change if law passes in Michigan
Reasons a judge may be unlikely to award alimony
Many Michigan residents are currently battling it out with soon-to-be former spouses in family court. For some, a major topic of contention is who will live with the children involved in a particular situation; for others, money is a high priority issue specifically, whether either spouse is entitled to alimony. There are no set-in-stone laws regarding this type of post divorce financial support.
Child custody battle keeps Victoria Azarenka out of championship
Many Michigan parents understand what it's like to disagree with each other regarding the care and raising of their children. In situations of divorce, or where parents were never married to start, child custody issues can turn into raging battles that take weeks or months (even years) to resolve. Sometimes, such circumstances drastically affect the lifestyle of one parent or the other.
Do you know the consequences of hiding assets?
Divorce is one situation in Metro Detroit where some spouses hide assets to cheat their partners out of their share of the marital property. Many of them are not aware of how risky this type of behavior is. They may have motivation to hide information about assets and finances because of a sense of entitlement and negative feelings where they want to punish their partners. No matter their reasons for doing so, the temptation to keep more of the marital pot for themselves may be too much for them to ignore.
Divorce of high net worth couples need not be costly
For high-earning couples, or those with significant assets, ending a marriage can be a costly process. However, as for any divorce in Michigan, with proper planning and professional guidance, even a high net worth divorce can be navigated without breaking the bank. In most cases, if one spouse accumulated substantial assets before the wedding, there will likely be a prenuptial agreement. However, dividing property that the couple gathered during the marriage could be more challenging.
Child custody issues: Where should the children live?
What is best for the child? This is perhaps one of the most important questions that must be answered during the divorce process when Michigan parents decide to divorce. As such, it is the essential component of the child custody agreement.
3 mistakes to avoid in a high-net divorce
If you are divorcing your partner and there are valuable assets at stake, you should approach the situation carefully. Michigan divorces are not always easy. When there are high-net assets involved, deciding who gets what can get complicated.
