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...
high asset divorce
Who gets the vacation house in a divorce?
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...
What should I be concerned about in my gray divorce?
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...
Special considerations for same-sex marriage and divorce
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...
A business valuation is important in a divorce
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...
What evidence do you need for your alimony claim?
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...
Watch for sudden business losses before and during divorce
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...
Can you run the family business with your ex?
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...
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...
Who is affected by the increased rates of same-sex divorce?
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,...