Dividing marital property is often the biggest challenge during a Michigan divorce. Couples may spend weeks preparing an inventory of their assets and negotiating about how they will split both their resources and their financial obligations. High-asset couples are more likely than working-class couples to have protracted disagreements and major
Property division in a Michigan divorce is a complex process, especially if you and your spouse own more than one property. In addition to your marital residence, you might have a vacation home, cabin or other separate property that is jointly owned. Michigan courts follow the equitable distribution method of
Gray divorces in Michigan and throughout the country are on the rise. A gray divorce is a divorce involving spouses who are over 50 years old. Many couples at this age have been together for decades. This means that the amount of assets involved may be quite higher than for
The federal mandate for marriage equality also meant divorce equality. However, there are some wrinkles in practical application. How will parents maintain the parent-child relationship? For non-heterosexual couples, parentage is an intentional process that may or may not involve some biological link between the parent and the child. There are
The hard work that goes into building a successful company often isn’t recognized by people who haven’t done it. For some, all that hard work might seem like it was a futile effort because their business is in jeopardy due to a divorce. People who own a company before they
Are you worried about what your life is going to look like post-divorce? If so, we understand your concerns. You may have enjoyed a high-net-worth marriage that provided you with the safety and security that you needed, but it may seem like that’s all coming to an end with the
A family-run business that’s successful can provide for your future. You may not realize that this can quickly become a liability, however, if you and your spouse divorce. If your marriage ends, there’s a chance that your ex might try to make it appear as though the business isn’t as
You and your ex may have worked hard as a team to build up the family business. If your romantic relationship ends, you may wonder what’s going to happen to that business that you helped to establish and grow. One option that might be possible is to continue running the
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 as maintenance) from one spouse to the other
Divorce, regardless of the circumstances, can be a trying time for all involved. Though, with the small rates of divorce among same-sex couples, it was thought that those couples were successfully navigating their marriage journeys. However, as time marches on, same-sex couple divorce rates are rising. Why are divorce rates