Divorce can be challenging, even when amicable. Though, divorcing later in life in a gray divorce is a much more complicated process because the spouses have decades of financial accounts and assets to split. Indeed, as spouses get closer to retirement, the property...
high asset divorce
The Gates turn to separation agreement to divide property
Many couples acquire several high-value assets throughout the course of their marriage, making property division more difficult upon divorce. However, Bill and Melinda Gates give new meaning to the phrase ‘high asset divorce.’ The former Microsoft CEO Bill Gates, with...
How can mediation help resolve issues in a divorce?
If couples are going through a divorce and would like assistance to resolve outstanding issues, they may want to consider mediation. Mediation is a process where both parties meet with a neutral mediator whose goal is to help them find a fair agreement they can both...
What can I do to gather evidence for my divorce case?
Regardless of whether you think you can settle your divorce amicably through negotiation or it’s going to resolve through litigation, you need to be prepared to present your case to a judge. Only then can you obtain a full grasp on your case and put forth the...
Life after divorce with Jill Biden and Kelly Clarkson
For those thinking of divorce, a primary concern is likely what life looks like after divorce. The fear of never finding love again or never getting over the heartbreak can be a terrible feeling. It is something that many divorcees struggle with, even celebrities...
New trend, divorce registries
At this point, in most of our lives, we have at least heard of a marriage registry. Even if we have not participated in one, we have likely scene it advertised on TV. But, a new trend is emerging, the divorce registry. Divorce registry? Well, it has no exactly caught...
What do I have to prove to get a divorce?
Sometimes, people believe that to get a divorce, one has to have a reason, or prove something, like the other spouse cheated or committed some wrong. However, our state is what is known as a “no-fault” divorce state. This means that if a spouse wants a divorce, they...
What should you consider if you want to settle your divorce?
You and your spouse may have been financially successful during the course of your marriage, but your marriage itself may not have been so successful. Does every high-asset divorce in the Detroit area need to be a high-conflict affair pitting one spouse against the...
Gather financial information before seeking a divorce
Deciding when to end a marriage can be one of the most devastating experiences of your life. However, it’s essential that you take every step possible to put yourself in the best financial position for your new life. Achieving a fair outcome with your soon-to-be-ex...
How can you avoid tax pitfalls during divorce?
Thinking of what is fair in a divorce can seem daunting, especially when it involves property division and custody. Michigan is an equitable division state, which means that property is not divided 50/50, but it is distributed fairly according to the judge. Factors...