As readers of this legal blog likely know, our state uses the equitable distribution theory in the divorce property division process. This means that instead of dividing marital property as close to 50-50 as humanly possible (like in a community property state),...
property division
How can you find financial security post-divorce?
On Behalf of Eisenberg & Spilman, PLLC | Oct 11, 2022 | property division
If you’re like most people, then you’re worried about what your finances are going to look like after your divorce is finalized. It’s a legitimate concern given that you’ll have to give up access to many assets through the property division process, and your household...
A business valuation is important in a divorce
On Behalf of Eisenberg & Spilman, PLLC | Jul 20, 2022 | family law, high asset divorce, property division
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...
Watch for sudden business losses before and during divorce
On Behalf of Eisenberg & Spilman, PLLC | Jul 7, 2022 | family law, high asset divorce, property division
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...
How can you spot hidden assets in a divorce?
On Behalf of Eisenberg & Spilman, PLLC | May 11, 2022 | 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...
What can you do about your small business in divorce?
On Behalf of Eisenberg & Spilman, PLLC | Apr 27, 2022 | property division
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...
What are the financial risks of gray divorce?
On Behalf of Eisenberg & Spilman, PLLC | Apr 13, 2022 | property division
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...
Are you ready to divide debt in your divorce?
On Behalf of Eisenberg & Spilman, PLLC | Mar 16, 2022 | property division
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...
How does spousal contribution impact Michigan property division?
On Behalf of Eisenberg & Spilman, PLLC | Mar 2, 2022 | property division
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...
Do not overlook these divorce assets
On Behalf of Eisenberg & Spilman, PLLC | Feb 3, 2022 | property division
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...
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