On behalf of Eisenberg & Spilman, PLLC | Oct 22, 2020 | property division
Property division is an important part of the divorce process and can also be challenging for many divorcing couples. One of the many challenges divorcing couples can face is what to do to divide a home during the divorce process. Sell the home and divide the proceeds...
On behalf of Eisenberg & Spilman, PLLC | Sep 21, 2020 | property division
Prenuptial agreements help engaged couples prepare their finances and protect their assets if they ever divorce. These contracts are becoming even more important as spouses are more likely to have equal assets or wives own more property than their soon-to-be husbands....
On behalf of Eisenberg & Spilman, PLLC | Sep 17, 2020 | property division
Divorce isn’t an easy process to go through, and it can be especially hard on those with a family business. Plenty of options await owners, but they all require understanding what you’ve got. Husband and wife teams own 3.7 million small businesses across the country....
On behalf of Eisenberg & Spilman, PLLC | Sep 5, 2020 | property division
Past posts on this blog touched upon the fact that your 401(k) becomes subject to property division in your divorce. Having to divide that account up with your ex-spouse may drastically impact your retirement plans in Michigan. The potential of such an impact is often...
On behalf of Eisenberg & Spilman, PLLC | Aug 22, 2020 | property division
Michigan courts follow the rules of equitable distribution when dividing assets in a divorce. According to BankRate, equitable distribution means a fair division of the value of assets but not necessarily an equal division of the assets. You should note that the...
On behalf of Eisenberg & Spilman, PLLC | Jun 18, 2020 | high asset divorce, property division
Your vacation home can represent many different positive memories in your life. You may have spent happy days with your family during your children’s school breaks. It may have been a relaxing way to get away from the stress of your daily life. However, vacation homes...
On behalf of Eisenberg & Spilman, PLLC | Jun 5, 2020 | property division
Concealing assets during the property division part of divorce is not only unethical, it’s also illegal and, sadly, it happens all too often. With how complex some couple’s financial portfolios are — incomes, houses, vacation properties, stocks, pensions, businesses...
On behalf of Eisenberg & Spilman, PLLC | May 22, 2020 | property division
As you enter into your divorce proceedings in Birmingham, you expect to have to deal with a number of different details regarding your personal and marital property. Some of these may have a dramatic impact on your chances of securing a favorable settlement, so you...
On behalf of Eisenberg & Spilman, PLLC | May 4, 2020 | property division
You likely have several items on your divorce checklist, especially for finances and assets. What do you plan on doing about credit card debt shared with your soon-to-be-ex-spouse? To help, see what U.S. News & World Report recommends. Make sure you do not make...
On behalf of Eisenberg & Spilman, PLLC | Apr 6, 2020 | property division
If you and your spouse are getting a divorce and have one or more employer-sponsored 401K plans, you may well end up having to split some or all of the money in those accounts as part of your property division settlement. Splitting a retirement account in a divorce is...
