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...
property division
Is your ex illegally hiding assets from the divorce?
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...
Why is your valuation date so important?
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...
How do you plan on handling credit card debt in your divorce?
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...
What is a QDRO?
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...
Spousal support obligation ended by appellate court
It goes without saying that divorce proceedings can be incredibly complex. Most of those people in Birmingham working through them, however, likely believe that once the court finalizes their agreement, the challenges are over and no new surprises are coming their...
Managing shared debt during a divorce
To some degree, debt is part of everyday life for most people in Michigan. Few residents can afford to buy a house or even a car without taking out a loan to pay for it. People commonly carry other forms of debt as well like credit cards, medical bills and more. When...
Handling your portion of a 401k
For all of the elements that you may have been anticipating going into your divorce proceedings in Birmingham, dividing up your ex-spouse’s 401k may not have been one of them. Yes, retirement accounts are often viewed as personal assets, yet the contributions made to...
Mediation may help quash divorce squabbles
Michigan couples contemplating divorce may get mixed messages on how to proceed. Whether it involves dividing assets or time with children or both, fighting between the parties may stall proceedings and progress. The attorneys and staff at Eisenberg & Spilman...
What is a postnuptial agreement?
Most people have heard of prenuptial agreements, but if you are heading toward a high-asset divorce, it is likely a little late to be forming one of those at this point. However, more and more couples in Michigan and across the United States are seeing the benefits of...