property division

There are so many different aspects of a divorce that need to be worked through. One of the most important parts of the divorce process is dividing up assets. The first step in property division is for both parties to list all their assets and debts. Only with a full...

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...

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...

A lot of the focus during the property division process is on how to split marital assets. This is important. After all, how you divide the marital estate can have significant ramifications for your financial wellbeing for a long time to come. However, you can’t...

Property division can be a source of discord in many Michigan divorces. This is true whether the parties are in the middle of a high-asset divorce or the case is one of more modest means. Since Michigan is a state that strives for fairness in dividing property by...

The house and bank and retirement accounts are the most obvious property that a couple must address in their divorce. However, there are other substantial and hidden assets that must be uncovered and dealt with. Restricted stock Spouses in an executive-level corporate...

Couples may have missed the opportunity of entering a prenuptial agreement before their marriage. But their need to address ownership of financial assets in a divorce and responsibilities for their children may still persist. Spouses can still enter a contract after...

When any Michigan couple divorces, they must divide their marital property according to state law. The marital property can encompass everything from household goods to retirement accounts, and some types of property are much more difficult to divide than others. Ways...

Many couples are reluctant to enter a prenuptial agreement because they believe that by entering such an agreement, they are essentially planning for divorce. However, with approximately 50 percent of married couples in the United States divorcing, it can be...

In any Michigan divorce, the parties have to disclose all their assets and debts, and then divide the marital property in accordance with state law. This is always a daunting task, but some types of property are easier to divide than others. It's relatively simple to...