In every Michigan divorce, the parties must divide their marital property according to state law. The marital property includes nearly all assets and debts the couple acquired during the marriage, so this division of property can involve everything from household...
Month: April 2022
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What are the financial risks of gray divorce?
Although divorce usually brings to mind emotional upheaval, stress and often a profound sense of loss, for older couples there will also be a substantial impact on their finances. Divorcing couples who have accumulated wealth over a long period of time will experience...
How can I shore up my financial future in a high-asset divorce?
For Michigan couples with substantial assets, the concept of divorce can lead to fear about their financial future. This can impact people regardless of their financial situation, but it is especially worrisome for those who have vast assets. Alimony (also referred to...