Going through a divorce is one of the most grueling experiences that a person can go through. Families and finances can often be the most damaged at the end of a divorce case. What happens when you're going through a bankruptcy and divorce at the same time?...
Your divorce finances and the role of a CDFA
If you are getting a divorce in Michigan, you might not have heard of a certified divorce financial analyst (CDFA). One 2019 survey found that over 60% of respondents were unaware of CDFAs and what they do. Although he or she may cost money at the outset, a CDFA may...
What to avoid in a divorce
A Michigan divorce is difficult under ideal circumstances. Even if spouses can amicably resolve the issues, there are still stresses and uncertainties. This is compounded when the two spouses make mistakes that escalate hostilities or harm themselves financially by...
How divorce can impact retirement
A divorce can have a significant impact on your ability to retire. Michigan law generally requires that joint assets such as money in a retirement account are divided in a final settlement. Additionally, you may need to use money in a savings account to pay for...
How a medical practice might factor into a divorce
If you are a medical professional in Michigan, the value of an existing practice may be key point of contention during a divorce. This is because both you and your spouse may have an interest in the revenue it generates both now and into the future. It is common for...
Is your divorce final? You may have a few more steps to take
It may have taken months or longer, but your divorce is final. You have received your divorce decree from the court. You’re free to move on with your life -- right? Not quite. There are probably still a few details you need to take care of. These are the action items...
How to balance work and a divorce
The stress of a divorce can have repercussions in a number of different areas of a person's life, including the workplace. There are steps people in Michigan can take to reduce the effects that it has on their career. Socializing after separating First, people may...
Getting by at work during a divorce
Individuals going through a divorce in Michigan may be struggling in other aspects of their lives, like getting themselves to work or taking care of their kids. Divorce takes a big emotional toll on just about everyone, and not everyone handles it the same. However,...
Financial tips for dealing with divorce
When a couple in Michigan gets divorced, the partner who was less involved in managing marital finances may be at a disadvantage both during and after the separation. This tends to happen to women, who are more likely than men to relinquish financial matters to a...
How asset trusts can be used to shield property in a divorce
In some cases, when Michigan couples are going through a divorce, one spouse might attempt to hide assets from the other. Some people may use asset trust laws in South Dakota to do this. Much as Switzerland was for decades, South Dakota is fast becoming a place for...
