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March 2018 Archives

Michigan divorce law: Pets are property

You are getting ready to go through the divorce process and are concerned about what will happen to your pets. You've heard that other states are starting to allow couples to treat family animals more like children, permitting owners to create pet custody agreements. Michigan divorce law has not, however, changed its stance on this matter. Here, pets are still deemed property.

Michigan divorce law: Common mistakes to avoid

Michigan residents who are going through the divorce process may make a number of mistakes along the way that can hurt them down the line. Fortunately, it is possible to avoid many of these mistakes with the help of a divorce law attorney. What are some of the most common mistakes made during the divorce process?

Michigan bankruptcy law: What to expect when pursuing bankruptcy

Taking the leap and filing for bankruptcy can be a frightening thing, especially if one is not sure what to expect. Michigan residents who think that this form of debt relief may be their best bet do not have to go through it with little understanding as to what is going on. This week's column will go over a few things to expect during the process, and an experienced bankruptcy law attorney can provide even more detailed information on the matter.

You may qualify to discharge your tax debts under Chapter 7

Getting yourself back on track financially can seem overwhelming or impossible when you are carrying a tax burden related to your personal income taxes. While any debt burden may present serious issues, owing the federal government is even more stressful for some individuals because it has broad power to reach in and take assets or freeze accounts that other parties simply do not have, or cannot achieve as easily.

Michigan divorce law: How to handle the 401k

Many Michigan residents who are fortunate enough to have 401(k) benefits offered through their employers may consider such accounts as separate property in divorce. This is not often the case, though. For most married couples, this is considered a shared asset -- a pretty significant one. The potential problems with dividing such an asset are many, but a divorce law attorney can make sure one takes all the necessary steps to get it done right.

Michigan divorce law and the hiding of digital assets

The only way a fair and balanced property division agreement can be achieved is if all marital assets are brought to the table. Unfortunately, this does not always happen. In Michigan and elsewhere, there are those who may try to hide digital and other assets in order to keep them for themselves. If you believe this may be an issue for you, a divorce law attorney may be able to help.

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