You are getting ready to file for divorce but you have concerns about how your property will ultimately be divided. Will you walk away with your fair share? It is a reasonable concern. A divorce law attorney can help you achieve a fair property division settlement, one that is in line with Michigan laws.
Michigan is an equitable distribution state. This does not mean that property will automatically be divided 50/50. It means that each party should walk away from the marriage with a settlement that is deemed fair. There are a number of ways to reach a settlement like that, but it can take a lot of back and forth negotiations — and sometimes litigation.
Michigan does accept that certain property may be excluded from the property division settlement. If you have personal property you would like to make sure is protected, it is necessary to establish that it is indeed not marital property. Your legal counsel may be able to help you do that.
The division of property can be a complex matter. It takes years to build up shared assets; it can take time to untangle them and divide them in a manner that is satisfactory for you and your soon-to-be ex. An experienced Michigan-based divorce law attorney can assist you as you strive to achieve a fair division of assets. Your legal counsel will work diligently to ensure you do not walk away from your marriage with less than you deserve. To learn more Michigan property division laws and how an attorney can be of assistance to you, please take a moment and visit our firm’s website.