Billionaire Harry Macklowe is set to divorce his wife so that he can move on and marry the woman that he really loves. Figuring out how to divide their massive fortune has not proved to be an easy task, however. While it is safe to say that the vast majority of Michigan residents do not have the complex assets involved in this case, it is still an interesting look into how divorce law works for anyone, regardless of their financial circumstances.
A lot is said about divorce, with some estimates indicating up to 50 percent of all married couples end up getting divorced. That is a fact many divorce law attorneys disregard as simply not true and greatly overexaggerated -- as are many other "facts" out there. This week, this column will go over some actual facts regarding marriage dissolutions that some Michigan residents may be interested in knowing.
For some Michigan couples, it is a difficult decision to make; for others, the appropriate decision is clear. Once the decision to divorce has been made, there are a number of legalities that need to be considered. On the surface, divorce law may appear to be a fairly simple concept; however, there are often a number of specifics that need to be taken into consideration.
Living in a world where everything is practically at one's finger tips and there is the constant need for instant gratification, as in getting things done fast, is certainly desirable. However, there are times when people can help themselves simply by slowing down a bit -- such as when going through a divorce. Those in Michigan who need help taking a step back in order to fully consider their dissolution options can seek assistance from an experienced divorce law attorney.
Figuring out the best way to keep things normal for children after divorce is a challenge. Obviously there is going to be a big change in the family dynamic, but it may be possible to make it less traumatic for children by trying nesting. This is not an arrangement that is recognized under Michigan divorce law so it is a plan that parents have to negotiate either on their own, with the help of an attorney and/or through mediation.
Divorce can turn even the nicest person into a bully. It is often a stress and anger-filled time in one's life. While that may be the case, it does not make it right, nor should one have to give in to a bully's demands. A divorce law attorney can assist Michigan residents who are going through the dissolution process to deal with the actions of a bullying spouse appropriately.
When it comes to divorce, there are advantages and disadvantages to ending one's marriage. These will be different for everyone, depending on one's station in life. For couples in Michigan who are dissolving their marriages, a divorce law attorney can help make the disadvantages easier to handle.
When a couple divorces, the spouse who is at an economic disadvantage may be awarded alimony as part of the dissolution settlement. According to Michigan divorce law, there are three different ways in which spousal support may be ordered. Several factors will need to be considered before a judge determines which type of alimony will best serve one's situation -- such as marriage length and economic need.
There are two times during the year in which the divorce rate in Michigan and elsewhere spikes -- spring and fall. As couples race to get their divorce filings over with, they may make mistakes that could hurt them economically in the long run. A divorce law attorney can assist those who are dissolving their marriages in taking the steps necessary to protect their finances.
Alimony is essentially a financial support payment made to the other spouse based on mutual agreement or court order. It's set up to protect the financially weaker spouse from being hit with unjust financial consequences of a divorce. The reason often used to justify alimony payments is having to give up one's job or educational goals to stay at home and take care of their family. This results in dependency on the support of the other spouse. Another justification used is that spouses can become accustomed to an elite lifestyle and cannot suddenly re-adjust to the changes after divorce and require additional financial support.