The more assets you share with your spouse, the more the two of you will have to negotiate during your divorce. High-asset marriages often come with plenty of assets for the two of you to split, as well as a situation with two people on very different financial...
3 reasons hiding assets during divorce is never a good idea
Divorce can be a turbulent experience; one that can trigger people to act in ways that might be totally out of character. There are situations that you cannot help during the divorce process. However, some behaviors can set you up for serious legal troubles. One such...
What to consider when seeking a financial settlement in divorce
Once you start your divorce, things can move quickly. You can feel pressured into making decisions without proper preparation. While you do not want your divorce to drag, you need to allow time to get your thoughts together and take a realistic look at your finances....
What will happen to your cabin when you file for divorce?
Cabin life is a big part of summer for a lot of people in Michigan. Whether you inherited a rural cabin from your parents or you and your spouse bought one so you would have someplace to escape with your kids every summer, you probably love your little getaway....
How to survive a divorce with your finances intact
All divorces have the potential to be full of contention and heartbreak, and that’s particularly true when there are a lot of assets at stake. Your relationship may be over, but you want to preserve your way of life as much as possible -- and that means securing your...
How does the state divide property?
Property Division One of the most important parts of a divorce is separating your lives by dividing your property. Property division can often create a lot of tension. Besides child custody matters, it is one area of divorce that typically takes a long time and a lot...
Breadwinners sometimes make selfish divorcees
It is fairly common in Michigan households for both spouses to work and earn a living. However, in most instances, there is a clear breadwinner. This is the person who earns a larger income. Due to the fact that women are new to the workforce compared to their male...
Getting a divorce over the age 50 includes challenges
Over the past 20 years or so there has been a shift in the demographics in divorce rates. As baby boomers mature, the divorce rate among couples over the age of 50 has seen a sharp increase as compared to previous generations. In fact, during the 20 years between 1990...
Five assets that make divorce challenging for the wealthy
A lot of people grow accustomed to a certain standard of living during marriage. But because divorce can change all of that, discussing property division can turn into a battle over who gets what and how much. For high-income individuals, property division talks...
Don’t be shy when discussing the division of marital property
When children are involved, many divorcing couples in Michigan might try to have an amicable divorce to spare their children from additional hurt. However, in an effort to avoid disputes or upset the mood, they may overlook key issues in the division of marital...
